You are here

Trump uncertainty stokes demand for gold

But analysts say stronger US dollar will weigh on yellow metal in longer term
Friday, February 3, 2017 - 05:50

Spurred by a dovish Federal Reserve meeting which made no reference to the timing of further rate hikes, the price of gold rose on Thursday as the US dollar weakened.


GOLD enjoyed a better-than-usual showing in January, rising some 5 per cent so far in the year.

Analysts say support came from uncertainty surrounding the Trump presidency and elections in Europe, but in the longer term, a stronger US dollar could weigh on the yellow

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom