Gold Futures Jump to Two-Month High as Dollar Sags; Copper Rises
- Trump signs order to withdraw from TPP; dollar weakens
- Holdings in bullion exchange-traded funds rise for fifth day
Investors Clamor for Gold Amid Uncertainty Over Trump
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Gold futures rose to the highest since November as protectionist signals from President Donald Trump’s administration unsettled financial markets and weakened the dollar, spurring demand for the metal as a haven. Copper and other industrial metals also climbed.
Bullion posted a second straight gain as the Bloomberg Dollar Spot Index fell to near the lowest in a month. Gold has risen more than 5 percent this year, helped by a decline in the U.S. currency that’s boosting the appeal of metals as alternative assets.