Gold rose, extending its best quarterly rally in more than a year as concern over China’s economic outlook weighed on global equities and industrial metals. After that rally, bullion’s 14-day relative strength index is well above 70, a level that can indicate a pullback to some investors. After that rally, bullion’s 14-day relative strength index is well above 70, a level that can indicate a pullback to some investors. Article Continued BelowThe same growth concerns that are boosting demand for gold as a haven are eroding support for industrial metals. The Bloomberg Industrial Metals Subindex that tracks copper, aluminum, zinc and nickel slid as much as 1.3 per cent to an almost two-year low.

Source: thestar January 02, 2019 14:02 UTC