Gold is the best performing asset of 2016, up 15% since December 3, 2015.
For many this must come as surprise, at least that’s what we can surmise based on various sentiment gauges and headlines at the December low. noch 355 Wörter
Despite the Chinese market being closed for the Chinese New Year, the gold price has opened this week very strongly. After a small dip overnight down to the mid $1,160s, it rapidly recovered any lost ground from Friday’s close, and then surged upwards through what many considered to be a key resistance level at $1,180. noch 518 Wörter
After outflows of 66.6 tonnes over the whole of 2015 – admittedly encompassing some sharp ups and downs before reaching the year end – the SPDR Gold Trust ETF (GLD), the world’s largest gold ETF, has already clawed back around one third of this in the first three weeks of the current year. noch 85 Wörter