Gold Gets Another Boost as U.S. Risks Strengthen Case for Havens
- Pelosi says House is opening impeachment inquiry of Trump
- Gold gains 19% so far this year on increased haven demand
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Gold steadied after posting its longest rally in three months as investors weighed growing political tensions in the U.S., which reinforced demand for havens. Palladium notched a fresh record.
Bullion, which has already benefited from central bank easing, slowing growth and the trade war, gained an additional support after an announcement that the U.S. House of Representatives is opening a formal impeachment inquiry of President Donald Trump.