-Gold Gains A Respectable 8.5% In 2016

-Gold Gains A Respectable 8.5% In 2016

The global volatility, (financial, geopolitical, terrorism), that has rocked the markets since the beginning of 2016, caused gold to gain in 2016, due to the fact that it drove investors away from stocks, options, etc. and putting their money into the one and only safe haven, gold.  And gold did not let them down because gold gained a respectable 8.5% in 2016.
-Gold Gains A Respectable 8.5% In 2016

The year 2016 ended with gains for gold.  In particular gold rose to $1150.9 or 8.5% adding $89.70 per troy ounce.

Gold had a good start for the year 2016 as the stock market plummeted following the Federal Reserve’s decision to increase interest rates for the first time after ten years.

As the year progressed the stock market started to recover with gold still gaining. Gold peaked in July after the Brexit decision in June and it held its gains throughout summer.

The precious metal started to lose ground in autumn, with gains after the Trump election but immediately sold off in the coming weeks.  Gold rebounded late in the year to a respectable 8.5%.

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