London — Gold jumped more than 1 percent to its highest in nearly eight weeks on Tuesday after US President-elect Donald Trump said the dollar was "too strong", sending the greenback lower. Spot gold rose 0.7% to $1,217.11 per ounce by 13:35 GMT, after touching a Nov. 22 high of $1,218.64 ounces. US gold futures were up 1.3% at $1,210.70 per ounce. The dollar, in which gold is priced, fell .5% to six-week lows against major currencies. "Trump’s stance on trade and protectionism has been well aired and it will always be a key factor. But until we get more clarity on what exactly it means, this should help to underpin gold," said Societe Generale Head of Metals Research Robin Bhar. In an article in the Wall Street Journal, Trump said the strength of the US dollar against China’s yuan "is killing us". Gold is often seen as an alternative investment during times of geopolitical and financial uncertainty while riskier assets such as stocks are hit. "This year there are lots of uncertain ...
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