Gold's strong run could continue as the US dollar weakens and investors seek safe-havens in the face of increasing geo-political risks, according to Prestige Economics.
The price of gold bullion has risen 11% this year as investors look to the commodity as a refuge from the uncertainty surrounding US President Donald Trump's political and economic policies. Gold bullion rose 0.8% to $1,296 per ounce on Monday, its highest level since 9 November, but has since fallen back. Bullion is currently trading at $1,287 per ounce. Jason Schenker, founder of Prestige Economics told Bloomberg: "Gold is going higher here. We see a gradually weakening dollar on trend. "Although we expect two more rate hikes this year - September, December - and four rate hikes ...
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