Precious metal loses shine as Trump and Brexit fears fade

GOLD prices have plunged in recent weeks as fears of a Donald Trump or Brexit market shock continue to fade.

The precious metal is considered a safe haven, where investors put cash in times of high uncertainty and turmoil.

But market concerns over Britain’s exit from the European Union (EU) and the new US president have calmed since last year.

As a result, gold prices have fallen to $1,226, from jumps above $1,300 last summer and in November.

Experts say rising US interest rates and a strong American dollar are set to push gold value down further in the coming months… Read Full Article


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s