Gold price rebounds; oil value falls

Source: Bloomberg
© scanpics/FP
Gold futures added 8.6% in January to $1,285.50 per ounce, outlining the highest monthly gain during the three-year period. The risk-off sentiment pushed silver up by 16% in January, also to their highest level since 1980, while WTI crude oil dropped 10%. According to the Standard Chartered Plc analysts, gold may climb to $1,420 by the end of this year, prodded by the growing demand.
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