Gold Start early January gains as Dollar Weakens

Equity World, Jakarta Gold prices posted a record high since November, triggered by weakening the dollar this week.

"The dollar is weak, plus the uncertainty of President Donald Trump raised the price of gold," said Lukma Otunuga, Research Analyst at FCTM launch of MarketWatch, Friday (03/02/2017).

"The yellow metal seems to be getting back on track in the short-term rise as expected investors," he added.


Gold for April delivery rose to US $ 11.1, or 0.8 percent to settle at US $ 1219.4 per ounce after hitting a high above US $ 1,227.

The price was the highest since November 16, according to FactSet data. While silver for March delivery fell 2.1 cents to apply at US $ 17.42 per ounce.

"The market is crowded conversations about news Donald Trump and Australian Prime Minister Malcolm Turnbull Australia mengrnai refugees headed to the United States," said Senior Analyst at Kitco, Jim Wyckoff.

"The uncertainty of Donald Trump and his administration blamed by some market saha, in a few weeks back. It was profitable gold commodity markets," he added.


read our news in Equity World