Gold firm as U.S. political concerns lend support

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Published : May 12th, 2017
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Reuters/Zandi Shabalala/05-12-17

Gold rose on Friday and was set to end the week slightly higher as the sudden sacking of the FBI head in the United States stoked investor concerns and boosted demand for bullion, even as the dollar headed for its strongest week this year.

…”You continue to see the political uncertainty continue to support gold,” said ETF Securities analyst Martin Arnold, naming the dismissal of the FBI’s James Comey and the upcoming British election as sources of uncertainty.

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