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Gold Takes Off To Multi-week High Ahead of Trump's Press Conference

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    • Gold Takes Off To Multi-week High Ahead of Trump’s Press Conference
Jan, 10th 16:32

Gold futures poked to a six-week high on Tuesday in the wake of a weaker U.S. dollar and uncertainty in the markets ahead of President-elect Donald Trump’s first press conference since July.

Markets will be closely watching Trump’s first official news conference since his last on held July 27 for spending plans under the new administration. The dollar index, a measure of the dollar against six rival currencies, slipped 0.15% to 101.68 on Tuesday, lifting the precious metal to their highest level since November 29, 2016.

Gold for February delivery added 0.26% to trade at $1188.00 an ounce. Prices had touched an intra-day high above $1,190.

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