Gold Is on Its Best Run Since 2011
- Spot bullion gains for 8th day to the highest since September
- Precious metal advanced in 2017 even as Fed hiked three times
Golden Cross for Gold a Bullish Sign, Says Streible
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Gold is starting the new year on the front foot. Bullion advanced for an eighth session to head for the longest stretch of gains since mid-2011, building on an annual surge.
Bullion for immediate delivery advanced 0.9 percent to $1,315.08 an ounce at 2:15 p.m. in New York, according to Bloomberg generic pricing. Last year, the commodity climbed 14 percent, the best performance in seven years. The Bloomberg Dollar Spot Index lost 8.5 percent in 2017.