CNBC/Sam Meredith/02-24-17
Gold prices have increased to highs not seen since U.S. President Donald Trump secured election victory in November as investors appear to seek respite in the so-called safe haven.
“(Gold price) support has come from the unwinding of the post-election Trump trade, which has seen bond yields and the U.S. dollar both move lower,” Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen, said in a note on Friday.
The price of gold crept over the $1250 per ounce threshold for the first time in over three months on Friday.
