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Lower volatility and dollar weakness increased investment and jewellery demand in key markets
The World Gold Council today released its Q1 2011 Gold Investment Digest, with top-line findings showing that despite an initial pullback of the gold price in January, positive investor sentiment towards gold and greater confidence in the timing of jewellery purchases contributed to a strong quarterly performance, prompting gold to reach new all-time highs in early April and ultimately leading it to breach the $1,500/oz mark. Against a backdrop of uncertain global markets, and a rising price, gold remained one of the least volatile commodities in the wider commodities mix, with average annualised volatility of only 13%, down from its historical 20 year...
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