Gold prices notched their largest quarterly gain in three decades, showing that worries about the markets and economy continue despite a six-week-long rally in stocks, bonds and commodities.
Gold prices rose 16.5 per cent in the first three months of the year, the biggest leap since 1986. Holdings at SPDR Gold Shares, the world’s largest gold-focused exchange-traded fund, are approaching their highest level since December 2013, while traders are placing more bets on rising prices.
The rally is a rare bit of good news for a metal that has been in retreat for much of the past five years, a period when US economic activity picked up and the dollar surged. Even so, many investors remain sceptical that gold will go much higher unless the global outlook dims considerably.
More at Gold’s biggest quarterly gain in decades (1 April 2016)
Watch this space folks, I think we might be in for an exciting ride