Gold powers to six-month high as turmoil spurs demand for haven assets


  • Business
  • Thursday, 27 Dec 2018

Trade in gold is widely authorised and regulated in many markets unlike cryptocurrencies such as Bitcoin.

SINGAPORE: Gold is rallying into the end of 2018 as turmoil in global equities, the partial US government shutdown and concerns about the outlook for next year stoke demand, lifting prices to the highest in six months.

Bullion climbed as much as 0.4% yesterday, extending last week’s gain and on course for the biggest monthly advance since January 2017. Money managers are the most bullish on prices they’ve been in half a year.

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