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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

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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.

Singapore

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

sentifi.com

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