Gold begins to regain its shine

Gold is on track to end 2018 with a strong positive attitude, with investors' interest in precious metal as safe heaven assets being compounded by the volatility that has shaken world markets. Interest is also strongly supported by expectations of weak economic growth and the prolongation of the crisis with the US government.

Gold currently holds nearly a six-month high after spending $ 1280 an ounce for a moment, and it is up to him to record one of his best months for the past two years. The December rally almost recovered the losses for the whole year. In 2018, it was all in red for the metal, which is the worst annual performance of gold since 2015.

The gold rally in this quarter was due to the global downturn due to doubts in many investors that the world economy is going to slow down in 2019. Growth in price was also supported by the weakening US dollar in December, Fed to pause their monetary policy for next year. These factors also strengthened ETFs following the price of gold.

For other precious metals, we see a mixed picture. The silver reached $ 15.4031 - the highest level since August. Rally within 8%, which also wiped out losses for this year. Platinum is on its way to ending the year completely red while paltry began to retreat slightly after reaching a record high earlier this month.

Source: Bloomberg Finance L.P.

Graphs: Used with permission of Bloomberg Finance L.P.

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