| Ole Hansen, chief commodity strategist at Danish bank Saxo, says gold has been the clear winner in 2016 as the uncertainty on financial markets reduce the likelihood of rate hikes in the US and geopolitical turmoil spur safe-haven buying.
Gold futures in New York were trading at $1,116.90 an ounce on Friday, up more than 5% since the start of the year, after hitting a near three-month high earlier in the week. Hansen says gold is following a similar pattern to January last year when the metal was boosted by the surprise currency move by Switzerland's monetary authorities, speculation about quantitative easing by the European Central Bank and the Greek debt crisis...............................................Full Article: Source
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