Investing.com – Gold prices were higher in European morning trade on Monday, starting the week off with gains as the dollar slumped after immigration curbs introduced by U.S. President Donald Trump heightened concerns about the impact of the new administration’s policies on trade and the economy.
Gold futures for April delivery on the Comex division of the New York Mercantile Exchange rose $2.35, or around 0.2%, to $1,193.45 a troy ounce by 3:00AM ET (08:00GMT).
Trump on Friday put a four-month hold on allowing refugees into the U.S. and temporarily barred travelers from Syria and six other Muslim-majority countries, saying the moves would help protect Americans from terrorist attacks.
The executive order led to huge protests in many U.S. cities and sparked global backlash, raising worries about the potentially destabilizing impact of Trump’s policies.
Source: Investing.com (30 January 2017)