Gold posts 5% monthly gain

FXStreet (Córdoba) - Gold prices ended Friday higher despite a stronger dollar, with the yellow metal posting a monthly gain in January helped by its safe-haven condition.

A strong risk-averse environment during the first weeks of the year, amid turmoil in Chinese markets, increased the appeal for safety and underpinned the metal off multi-year lows scored in December.

Gold closed Friday just above $1,116,0.18% higher on the day, posting a 1.64% weekly advance and a gain of over 5% for the month.

Gold prices ended Friday higher despite a stronger dollar, with the yellow metal posting a monthly gain in January helped by its safe-haven condition.

(Market News Provided by FXstreet)
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