Gold shakes off Trump slump as year-end nears

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
iStock

Singapore - Gold may be emerging from its Trump slump as 2016 winds down.

Prices rose for a third day to head for the longest run of gains since early November, the period just before the reality-television star seized the White House and kick-started a push for risk assets that’s hurt prices.

Bullion for immediate delivery gained as much as 0.5% to $1 144.56 an ounce, and traded at $1 142.58/oz at 10:05, according to Bloomberg generic pricing. After rising 0.5% on Tuesday, and 0.4% on Friday before the Christmas break, that’s set the precious metal up for the best winning run since the period to November 4.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
USD/ZAR
14.05
0.0%
GBP/ZAR
19.67
0.0%
EUR/ZAR
17.10
0.0%
AUD/ZAR
11.03
0.0%
JPY/ZAR
0.13
0.0%
Gold
1,831.32
0.0%
Silver
27.45
0.0%
Palladium
2,929.64
0.0%
Platinum
1,256.50
0.0%
Brent Crude
68.28
+0.3%
Top 40
62,573
+1.4%
All Share
68,520
+1.4%
Resource 10
71,474
+2.1%
Industrial 25
86,856
+0.9%
Financial 15
12,711
+1.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 1387 votes
No, I did not.
52% - 3460 votes
My landlord refused
27% - 1834 votes
Vote