January was another big month for gold

January was another big month for gold.

Finishing the month on 6.85% Dollar increase at $2812.05 and a 7.8% Sterling increase at £2269.32. February has been a more volatile month so far, with £30 daily swings, but the average trend is still on the upside.

After the currency fallout from the US administrations tariffs found the dollar strengthening, we have factors coming up in both Europe (elections in Germany) and the Far East, which could have an impact on that strength. A weakened dollar can add further support to gold’s incumbent strength.