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Gold's December Rally Stays Alive to Seal Best Year Since 2010


Tuesday, 31 December 2019 20:10 WIB

GOLDEMAS Spot EmasSILVER


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Gold climbed to a three-month high to clinch its best annual performance since 2010, as a weaker dollar helped cap a year marked by global economic jitters and trade frictions.

Bullion has gained 19% this year as central banks globally embraced looser monetary policy to boost growth. Brexit, unrest in regions from Chile to Hong Kong and buying sprees from key central banks and exchange-traded funds have also helped support prices.

Spot gold climbed as much as 0.7% to $1,525.38 an ounce on Tuesday, the highest since Sept. 25, and traded at $1,521.20 by 7:35 a.m. in New York. The Bloomberg Dollar Spot Index fell to the lowest since June.

In other precious metals, silver has risen 16% this year, also poised for its best performance since 2010. Platinum is up 22% and top-performer palladium is set to end 2019 with an annual gain of 52%.

Source : Bloomberg


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