Gold 
Gold Price Outlook
“Gold prices rose sharply during January, reaching new intraday highs on eleven days during the month. Gold’s current record high price of $5,626.70 was reached on 29 January. Gold dropped to $44,423.20 intraday on Monday 2 February but has since recovered some of that decline.
Various factors drove investors toward gold during the month, including the capture by the United States of Venezuelan president Nicolas Maduro, the opening of a criminal investigation against Fed chair Powell, domestic violence in the United States, Japan’s shift in monetary policy, Trump’s renewed threat to control Greenland, and the United States’s threats to attack Iran. Each of these actions raised concerns in the market. Those concerns included whether U.S. actions in Venezuela could normalize similar actions by Russia and China in Ukraine and Taiwan, the independence of the Fed, and the consequence of increased and ongoing tensions between the United States and other members of the North Atlantic Treaty Organization and increased tensions between the U.S. and Iran.”
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