January 01, 2020
Gold gains about $250 in 2019 and more than $50 in last month of the year. Spot gold rose to the highest level since end-September at $1525.
Geopolitical tension in the Middle East and US-China trade deal rise demand for the safe-haven. Against airstrikes in Iraq and Syria, Iraqi protestors marching to the US embassy in Baghdad, help gold to raise up to $1525.
Persistence US-China deal tension weighed on US Dollar index for whole year, giving chance for gold to touch highest point since 2010 with almost 19% yearly gain. All these geopolitical situation rising investors’ confidences in gold, speculators increase their long positions in COMEX gold contracts.« Back to News & Reports List