Gold was enjoying another solid day of trading on Thursday jumping to a day high of $1,245 an ounce and bringing its gains for the year to 17%. Following three down years, many factors have been driving gold’s resurgence in 2016:
Geopolitical turmoil – spreading from the Middle-East into Europe and beyond – burnishing gold’s safe haven status. Doubts about the health of the global economy and financial system and the longer-term impact of the slump in oil prices forcing investors to look for insurance policies..............................................Full Article: Source
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