Gold Investors’ Big Dilemma: Who’s Scarier, Trump or Yellen
- Bullion posts fourth weekly gain, longest rally in four months
- U.S. wages rose from a year earlier by the most since 2009
Gold Reaps Benefits of Brexit, Election Uncertainty
This article is for subscribers only.
Even the prospect of higher U.S interest rates hasn’t been enough to faze gold bulls as angst over the U.S. election puts the metal on course for a fourth straight weekly gain.
Gold had its longest weekly rally since July, with buyers undeterred as a report showing steady progress in the U.S. labor market strengthened the case for higher interest rates. Investors are seeking haven assets, with the MSCI All-Country World Index sinking to an almost four-month low and industrial metals such as aluminum and zinc falling.