Gold Market UpDate By Ripples Advisory


Gold rose on Tuesday, in another attempt to cross the key $1,300-an-ounce level, as the U.S. dollar extended losses and as assets of the top bullion fund rose to their highest in over two years.

Spot gold had climbed 0.2 % to $1,293.31 an ounce by 0315 GMT, after earlier hitting a session-high of $1,296.81. 

Gold is enjoying an incredible year, surging 22% as the S&P 500 is barely positive. What's rare is for the yellow metal to outperform the market so dramatically in a year when stocks are up. In fact, going back to 1980, there has been only year in which gold has outperformed the S&P by 20 %or more while the latter was positive on the year: 2007.

 

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