Gold price boosted set for its best month since June
Gold price traded above $1,200 and set to head for its best month since June.
Gold on January 30 opened at 1194.60 and closed at 1196.00 with a daily 41% change but recorded a yearly change of -13.80%.
Gold price benefited from a return to a risk-off sentiment, as US equity markets posted large losses and the US dollar index weakened.
Anxious investors are looking for safe haven following Trump’s decisions since he took office as U.S. president, with his last decision to fire top federal government lawyer, only served to make investors more unsettle.
The question on investors minds is if gold can maintain its upward momentum.
Metal experts asserted that the current economic environment while the risks of a banking crisis rise could maintain gold price in up trends by March 2017.
