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Gold evolves from a ‘barbaric relic’ to biggest winner of 2016

Posted on 01 March 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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