21.10.2016 - Gold: Behind the biggest rally of the year and where it's headed next
Love it or hate it, you can’t ignore it. Gold’s stunning 20 per cent rally has made it one of the best performing assets in calendar 2016, vexing those who disregard it, and lining the pockets of its faithful supporters. Buoyed by Brexit and an uncertain US Federal Reserve, gold bugs rejoiced as their favourite store of value soared from $US1076 ($1404) on January 1 to a record high of $US1365 ($1781). The question on everybody’s lips now, however, is whether or not the drivers of the past 12 months can continue to support the precious metal, propelling gold to fresh highs, or whether its moment in the sun has passed...........................................Full Article: Source
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