01.03.2016 - Gold evolves from a 'barbaric relic' to biggest winner of 2016
Gold's comeback is dominating 2016. The precious metal is the year's best-performing major asset. Its 16 per cent gain is topping gauges of high-yield and investment grade bonds, Treasuries, all currencies and major stock indexes in developing and emerging countries. Turmoil across global equity and currency markets has sparked demand for a haven. Speculators raised their net-long position in gold to the highest in a year. SPDR Gold Shares, the world's largest bullion exchange-traded fund, attracted $4.5 billion of new money in 2016, the most among all US-listed ETFs, according to Bloomberg data as of Feb. 25...............................................Full Article: Source
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