Gold hits three-month high on sliding U.S. dollar

Gold prices are having a strong start to 2017. Year-to-date, the yellow metal has climbed more than seven percent. Silver, meanwhile, has also jumped about 10 percent.

The momentum continued on Friday as gold is poised to settle at its highest level in three months. April gold futures rose nearly $7 to $1,257.80 an ounce and March silver futures surged $0.13 to $18.25 per ounce.

Precious metals have been benefiting from a sliding dollar, political uncertainty in the United States and Europe and the lack clarity coming from inside the Donald Trump administration.

Reports over the last week suggest that demand for gold has remained strong as investors have taken advantage of the lower prices.

With inflation just around the corner and the bubble slowly fading, now would be an opportune time to purchase some gold and silver.

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