January has been a good month for gold over the last decade, and this year has not been an exception, said MKS (Switzerland) S.A. 

Comex December gold was trading up $2.90 to $1,188.40 around 8:10 a.m. EST, which was a 0.2% gain for the day but leaves the metal up 3.2% so far in 2017

“So far this month, gold has behaved in line with historical trends,” said Alex Thorndike, senior precious-metals dealer with MKS. “Over the past 10 years January has offered the best monthly average return of plus 4.4%, with only three negative Januarys over that period.”

“With the impending inauguration of President-elect Donald Trump and possible safe-haven flows related to that, seasonal Chinese demand and a stalling equity rally and bond sell-off, January so far is poised to be another good month for the yellow metal,” he added. 

Source: SMM News

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