ISTANBUL After posting sharp declines, gold prices continued to increase on Wednesday, exceeding $5,000. Spot gold increased around 2.5% as of 0645GMT to reach $5,070 per ounce. On Monday, gold fell below the $4,500 level after US President Donald Trump announced that he has picked former Federal Reserve governor Kevin Warsh as his nominee for the next Fed chair. Silver prices also saw an increase of 3.7% to $88.2 per ounce. During January, gold surged 13.2%, seeing its best monthly performance

Tag-uri: Donald Trump