Gold has its best year since 2010 amid global jitters - News Summed Up

Gold has its best year since 2010 amid global jitters


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. Spot gold climbed as much as 0.7% to $1,525.38 an ounce on Tuesday, the highest since Sept. 25. AdvertisementCommentary out of China and the U.S. suggests that both countries are committed to their phase-one trade pact. However, haven asset demand in 2020 could be supported by other brewing global tensions, DailyFX strategist David Song said in a note. In other precious metals, silver has risen 15% this year, poised for its best performance since 2010.


Source: Los Angeles Times December 31, 2019 23:37 UTC



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