BloombergGold yesterday firmed up a foothold above US$1,500 an ounce as investors positioned for next year, with post-Christmas gains coming even as equities inched higher and US-China trade concerns eased. Silver rose along with platinum and palladium in what has been a banner year for precious metals. Bullion advanced for a fourth day, the best run since October, and headed for the highest close in more than seven weeks. Earlier this month, JPMorgan Chase & Co advised betting on gold to slide as the global economy gathers momentum. Among the bulls, Goldman Sachs Group Inc and UBS Group AG see prices climbing to US$1,600 an ounce.

Source: Taipei Times December 26, 2019 16:03 UTC