Gold Records its Worst Monthly Performance in 17 Years
The price of gold recorded a slight increase at the start of the week. Despite this, the precious metal still posted its steepest monthly decline in over a decade. Gold futures rose by over 2% to reach $4,678.60. Despite that daily gain, gold dropped over 10% throughout last month, marking its worst monthly performance since 2013. Silver followed a similar pattern, with the metal’s futures surging to $74.92. Similar to gold, the metal also recorded an even sharper monthly fall of over 19%. This marked its weakest monthly showing since 2011. The recent market movements come against a backdrop of ongoing uncertainty surrounding the United States-Iran conflict, now in its fifth week. Reports suggest that President Donald Trump…