Editor Mark O’Byrne
– Gold climbs over 12% in YTD, matching S&P500 performance
– Palladium best performing market, surges 36% 2017 YTD
– Gold outperforms Nikkei 225, Euro Stoxx 50, FTSE and ISEQ
– Geo-political concerns including Trump and North Korea supporting gold
– Safe haven demand should push gold higher in Q4
– Owning physical gold not dependent on third party websites and technology remains essential
In the year-to-date the gold price performance has matched the S&P 500, climbing over 12%.
Gold’s matching of the S&P 500 is particularly impressive when you consider the record-breaking performance of the benchmark stock market index in the last year. Yesterday it advanced 0.1% to 2510.06, a new all time record high price.
It is also impressive considering sentiment towards stocks is shall we say “irrationally exuberant”, while sentiment towards gold remains muted despite gold eking out gains in 2016 and now again in 2017.
The precious metal has performed well predominantly due to rising uncertainties regarding North Korea, Trump and the political mess in the U.S. and other geopolitical tensions.
Its strong performance is despite noise from the US Federal Reserve regarding its alleged plans to tighten money supply and increase rates. Other major central banks have also provided similar indications.
Elsewhere, gold has outperformed both the Euro Stoxx 50 and Nikkei 225 which are 8.5% and 6.5% higher respectively. The UK’s FTSE and Ireland’s ISEQ are underperforming and have the hallmarks of markets that are topping out.
The FTSE and the ISEQ are 2.5% and 4.25% higher year to date.
Click here to continue reading on www.GoldCore.com
from HB APK | News,Android,Apps,Games,Technology and more... http://apk.highbroadcast.com/2017/09/gold-matches-s-500-performance-in-first.html
0 comments:
Objavi komentar