Gold higher for seventh day
Gold has been the trade of the year so far in 2016 as it has gained more than 12% in a steady climb while declines and volatility have made trading tough elsewhere.
Gold gained as much as 2% today but the climb fell just short of $1200 and the downtrend since March.
The gains last week were the most since July 2013.
With bonds yielding nothing (or less) in many parts of the world, gold looks more attractive all the time. The risk at the moment is that Chinese buyers head to the sidelines with New Years celebrations now underway.
