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Metals Stocks: Nervousness over Brexit, Trump drive gold to fresh 8-week highs

Gold jumped to fresh eight-week highs on Tuesday as wary investors shied away from riskier assets such as stocks, amid nervousness ahead of a Brexit-focused speech from U.K. Prime Minister Theresa May and recent comments from President-elect Donald Trump.

Gold for February delivery GCG7, +1.30% rose $20.70, or 1.7%, to $1,216.90 an ounce, trading at levels not seen since Nov. 23, said analysts.

Investors seeking the perceived safe haven of gold sent the precious metal to close above the key $1,200 level on Monday, at $1,202.80 an ounce, said Richard Perry, market analyst at Hantec Markets, in a note to clients.

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