Gold Notches its Best Monthly Record in Two Decades
Gold recorded a powerful start to the year, climbing by over 13% an ounce last month. This makes it its strongest monthly performance since the late 90s. The precious metal’s rally was driven by a mix of geopolitical uncertainty and shifting macroeconomic expectations. Tensions rose after the United States reiterated its interest in acquiring Greenland, straining relations with Europe. At the same time, markets saw little change in the Federal Reserve’s policy outlook, reinforcing expectations of a weaker U.S. dollar and boosting demand for gold as a safe-haven asset. Additional support came from concerns over a partial federal government shutdown in America, alongside increased buying interest from China. These factors extended the strong momentum gold built throughout last…