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Gold slips on firmer dollar, but set for best month since 1980
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The Indian Express
Spot gold was down 0.9% at $5,346.42 per ounce, as of 0124 GMT, after scaling a record $5,594.82 the previous day.
(File Photo)Gold prices fell on Friday, pressured by a firmer dollar, but were set for their biggest monthly gain since 1980 as investors piled into the safe-haven metal amid persistent geopolitical and economic uncertainties.
FUNDAMENTALS* Spot gold was down 0.9% at $5,346.42 per ounce, as of 0124 GMT, after scaling a record $5,594.82 the previous day.
* Prices have risen more than 24% so far in January, heading for a sixth straight month of gains and the largest monthly advance since January 1980.
The metal has gained 62% so far this month, on track for its best-ever monthly performance.