Relevant:
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- Gold Was The Best Performing Currency In 2014 Behind The US Dollar
- Central Bankers' Wisdom Faulted as Gold Holdings Surge 25% on" Structural Shift"
- Gold Up 11% Euro This Year As Currency Wars Intensify
- Gold's Best Start Since 1974 Shows Not Just Inflation Hedge
2016-04-01 — zerohedge.com
Gold's 16.1% surge in Q1 2016 is the best start to a year since 1974. Overall, this is the best quarter since Q3 1986 and is the best performing major commodity of the year.
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"The dovish remarks by Yellen earlier this week which reinforced the Fed's stance to proceed gradually and cautiously with rate hikes this year have weighed on the U.S. dollar index, which is a positive for gold," Vyanne Lai, an economist at National Australia Bank Ltd., said by e-mail. "Investment demand for gold appears to be holding up."
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