Gold ends 2018 on strong note

Gold closed February with a gain of more than 10 percent, the most for any month in four years.

SINGAPORE: Gold is closing out 2018 on a strong note, with haven demand in the ascendant amid volatile trading in global equities, rising concern about the economic outlook and a drawn-out government shutdown in the US.

Spot bullion is holding near a six-month high after topping US$1,280 an ounce, and the metal is set for the best monthly gain in almost two years. December’s rally has pared an annual decline, the first full-year loss since 2015.