Fresh five-month high within shouting distance of $1, 300 an ounce.
While industrial metals investors were offloading the sector’s big names on Wednesday after sharp drops in iron ore and copper prices over worries about the robustness of the Chinese economy and heightened tensions surrounding North Korea, gold was enjoying one of its best trading sessions of the year.
Safe haven buying saw gold bulls chase the metal higher throughout the day and comments by Trump in an interview with the Wall Street Journal that the US dollar “is getting too strong” only added fuel to the fire late afternoon.
