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Gold posts 5% monthly gain

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Córdoba) - Gold prices ended Friday higher despite a stronger dollar, with the yellow metal posting a monthly gain in January helped by its safe-haven condition.

    A strong risk-averse environment during the first weeks of the year, amid turmoil in Chinese markets, increased the appeal for safety and underpinned the metal off multi-year lows scored in December.

    Gold closed Friday just above $1,116,0.18% higher on the day, posting a 1.64% weekly advance and a gain of over 5% for the month.
    For more information, read our latest forex news.
     

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