Gold fails to touch highs reached before Trump's win
Singapore
FOR all the unpredictability of US President Donald Trump's policies in his first 100 days, gold has failed to reclaim the heights before his win in November, and some investors doubt that this will happen any time soon.
After closing at US$1,305.06 an ounce on the Friday before Mr Trump's election, prices cratered more than 13 per cent till Dec 22. They ground back to US$1,289.76 this month after Mr Trump's airstrikes on Syria and Afghanistan, and on worries over North Korea and the outcome of the French presidential vote, before slipping to US$1,267 on Thursday.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Oil settles higher as weak US economic growth offset by supply concerns
India's Vedanta misses Q4 profit estimates on lower prices
BHP targets Anglo American in bid valuing miner at US$39 billion
China's Sinopec charts global expansion with refinery in rival India's backyard
Gold trades in tight range as market focuses on US economic data
Oil settles lower as US business activity cools, concerns over Middle East ease