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Altus Strategies PLC

Gold edges higher as market awaits Trump address

Gold moved slightly higher on Tuesday, supported by uncertainties surrounding U.S.-China trade relations ahead of President Donald Trump’s State of the Union address to the Congress, while a firmer dollar and rising global stock markets capped gains.

Spot gold edged up 0.21 percent to $1,314.47 per ounce by 1:52 p.m. EST after hitting its weakest since Jan. 29 at $1,308.20 in the previous session.

 

Altus Strategies PLC (LON:ALS) is a project generator focused on Africa, including projects in the Ivory Coast. Their aim is to deliver superior shareholder returns by cost-efficiently discovering multiple projects simultaneously, prior to entering joint ventures with third parties who fund the next phases of exploration and development. 

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.