Gold has printed its biggest monthly gain in five months, signaling a resumption of the rally from lows near $1,266 seen in May 2019.
The yellow metal is currently trading at $1,585 per Oz, representing a 4.48% gain from the opening price of $1,517.70 observed on Jan. 2. That is the biggest monthly price rise since August 2019. Back then, gold had rallied by 7.65%.