SINGAPORE: Gold is rallying into the end of 2018 as turmoil in global equities, the partial U.S. government shutdown and concerns about the outlook for next year stoke demand, lifting prices to the highest in six months. Bullion climbed as much as 0.5 percent on Wednesday, extending last week’s gain and on course for the biggest monthly advance since January 2017. Money managers are the most bullish on prices they’ve been in half a year. They hit 2,187.2 tons on Dec. 25, up more than 100 tons since mid-October. The price rose as much as 0.6 percent to $14.8675 an ounce, the highest since Nov. 2.

Source: The Star December 26, 2018 07:18 UTC