With increased uncertainty, gold, as a safe-haven, has significantly increased over the past few weeks. Issues like North Korean, the recent French elections and other factors are weighing heavy on the currencies. With increased volatility, investors are looking for the “relative” calm of gold as a safe-haven.
In fact, November 2016 was the worst month for gold prices since June 2013. In one month alone, the price of gold fell 8.0%. Before the US elections in November 2016, gold had risen ~20.0% YTD (year-to-date).