Gold Is Second Best Performing Currency Of 2014
By GCRU Gold News on Saturday, December 27 2014, 02:38 - Permalink
Given the strength in the dollar, it's surprising that gold has held up as well as it has. At current prices, gold is only down 2 percent year-to-date, which is actually the best performance of any of the major non-fixed currencies.
In other words, gold appreciated against every major currency this year except for the U.S. dollar. That's quite a feat considering how bearish sentiment in the gold market has been.
Bottom Line: U.S. investors may not be ecstatic about gold's performance this year, but it's actually done quite well. For investors outside the U.S., gold has delivered positive returns second only to the dollar.
Gold Is Second Best Performing Currency Of 2014
