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Gold ends New Year’s Eve and 2018 in the red, but books 7% quarterly gain as stocks swoon

“February gold trading on Comex GCG9, +0.13% finished down $1.70, or 0.1%, at $1,281.30 an ounce, according to FactSet data” writes Mark Decambre for marketwatch.com. However, the popular index has gained 1.2% this quarter and has risen 4.5% thus far in 2018.Gold futures on Monday closed out New Year’s Eve with a loss for the session and year, but garnered some upward momentum as stock-market carnage reignited haven-related demand and as the dollar weakened somewhat.Based on the most-active contract, gold futures are up 4.7% in December and 7.3% over the last three months of the year, but down by about 2.1%, so far in 2018, according to FactSet data.
Source: marketwatch.com

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