Gold's Haven Status Refreshed as Trump's Turmoil Wounds Stocks
- Political uncertainty to keep upward pressure on bullion: ANZ
- Gold eases after 5-day gain, including biggest jump since June
Polymetal's Nazimok Says He's Used to Gold Volatility
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Gold traded near a two-week high as the disarray engulfing Donald Trump’s White House boosted the commodity’s allure as a haven, with equities in retreat and investors scaling back the odds of the Federal Reserve tightening policy next month. Other precious metals fell.
Bullion for immediate delivery eased 0.3 percent to $1,257.65 an ounce by 9:53 a.m. in London after earlier touching $1,263.20, the highest since May 1, according to Bloomberg generic pricing. On Wednesday, the metal surged 2 percent to post the biggest gain since June 2016.