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.