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Gold Has Lost About 5.9 Percent in May

Gold (XAU/USD) pulled back from record highs a handful of dollars below $,4,900, following US President Trump’s softer tone at the Davos Forum, but the precious metal remains steady above $4,800, which shows that demand for safe assets remains steady. 

Trump triggered a relief rally on Wednesday, stepping back on his plans to introduce additional tariffs on European countries and ruling out military action to seize Greenland. The US President also announced a framework deal over the Arctic island with NATO, although no details of the agreement have been disclosed.

Disclaimer

This article is intended for educational purposes only. The views and opinions expressed are those of individual analysts or brokerage firms and do not represent the views of GoldSilverReports.com. Investors are strongly advised to consult certified financial experts before making any investment or trading decisions.

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