(Bloomberg) — Gold’s end-of-year stealth rally is gaining ground even as investors target risk assets including equities and early data suggest that macro-economic conditions are set to be more benign in 2020 than this year.Prices climbed for the fifth time in six sessions as the dollar fell again and funds plowed more money into bullion-backed exchange-traded funds. The advance burnishes a yearly gain, with spot prices up 18% in 2019 and heading for the highest close since November.The strong bullish momentum is “largely due to U.S. dollar weakness,” said Benjamin Lu, an analyst at Phillip Futures Pte in Singapore. “A …read more
Source:: Yahoo Finance
