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Investors reap dual rewards of return and diversification as gold outperforms equities, treasuries and commodity indices
The gold price rose for the tenth consecutive year in 2010 reaching US$1,405.50/oz by the end of December on the London PM fix, a 29 percent increase from last years levels. According to the World Gold Council (WGC), which today released its Gold Investment Digest for the fourth quarter and full-year 2010, last years price performance was driven by developments in key gold markets. China saw increased investment activity, driven in part by innovative new gold investment vehicles offering improved access to the gold market, while jewellery consumption recorded a rebound in India, the worlds largest gold market. Globally,...
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