01/02/2015
Gold recorded its biggest gain in 3 years
The price of goldroseafter fallingfor two dayswith improvedimage ofthe precious metalas a safe haveninvestmentafterdata showed asharp slowdowninUS GDPgrowthin thelast quarter of theyear, whichhelpedgoldto achievethe largestmonthlygaininhisthree yearsin January.
TherecordgoldroseeightpercentinJanuary, thebestperformance sinceJanuary 2012with the support ofthe SNB'sdecision this month tounlinkFrancEuro.ECBalso saiditwould injectbillions of eurosinto the economy.The price ofgoldin the spottwopercentof transactionsto $1281forounce, afterjumpingtothe highest levelat $1283an ouncesession.
