Gold prices posted one of the strongest quarterly gains in over a decade as prices closed with quarterly gains of over 16.0% in the first three months of the year. Uncertain monetary policy and a number of central banks in favor of negative interest rates sent the precious metal higher as investors shunned the risky assets in favor of the safe haven. However, the month of March saw gold prices close with declines of 0.48% following a brief rally to a 12-month high at 1284.41. With the markets looking ahead to the second quarter, it is likely that monetary policy and most importantly investor risk appetite will likely see gold prices being well supported.
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Daily Analysis - 04/04/2016