Gold’s December Rally Stays Alive to Seal Best Year Since 2010
- Metal advances as central banks embrace looser monetary policy
- JPMorgan says gold may not offer sound portfolio protection
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Gold climbed to a three-month high to clinch its best annual performance since 2010, as a weaker dollar helped cap a year marked by global economic jitters and trade frictions.
Bullion has gained 19% this year as central banks globally embraced looser monetary policy to boost growth. Brexit, unrest in regions from Chile to Hong Kong and buying sprees from key central banks and exchange-traded funds have also helped support prices.