Gold edged higher in Monday trading, rising to a three-month high of $1,264.90 per ounce, and some strategists see the yellow metal moving up in the near term as investors flock to the safe-haven asset in the face of global political uncertainty.
Mining stocks are outpacing oil-related peers in a "reflation rally" sparked by U.S. President Donald Trump's election and the outperformance will last for at least another year if history is a guide.
In uncertain times, gold often becomes a popular investment because many investors see the precious metal as a safer haven than other options. Adding to gold’s allure is the strong performance of the metals sector in 2016.
It’s important to understand which mining stocks have overperformed or underperformed precious metals. Precious metal prices began falling after Donald Trump won the US Presidential election on November 8, 2016. As a result, mining stocks also started tumbling.View post
Jan 20 Gold prices held steady on Friday and were on track for their fourth weekly gain in a row, buoyed by a weaker dollar ahead of the inauguration of U.S. President-elect Donald Trump later in the day. Spot gold was up 0.1 percent at $1,206.26 per ounce by 0550 GMT, while U.S. gold futures ...