Gold gains as Trump shocks markets by doing what he said he would do

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(iStock)
(iStock)

Singapore - Gold rose for a third day, set for its best month since June, as President Donald Trump fired the US acting attorney general over his order barring entry by citizens from seven predominantly Muslim nations.

The White House’s dismissal of Sally Yates, describing her refusal to uphold the executive order as a betrayal, added to a dawning realisation among investors that Trump will follow through on pledges made during his election campaign.

"The gold market is in thrall to the Donald Trump show," David Govett, head of precious metals trading at Marex Spectron, said by e-mail from London.

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Rand - Dollar
14.01
+0.6%
Rand - Pound
19.87
+0.3%
Rand - Euro
17.12
+0.1%
Rand - Aus dollar
10.91
+0.4%
Rand - Yen
0.13
+0.4%
Gold
1,869.91
+0.2%
Silver
28.19
+0.0%
Palladium
2,907.50
+0.2%
Platinum
1,222.00
-1.8%
Brent Crude
69.46
+1.1%
Top 40
61,190
-0.0%
All Share
67,255
+0.1%
Resource 10
70,784
+0.2%
Industrial 25
83,774
-0.3%
Financial 15
12,689
+0.6%
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