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Gold Surprises to the Upside: It Leads Most Major Asset Gains in 2014

24-3-2014 < SGT Report 63 138 words
 

by John Morgan, Money News:


Gold is outperforming nearly every other major asset this year, including U.S. stocks, bonds, emerging markets and the dollar.


Given that gold did so poorly in 2013 – down by a withering 28 percent as the world flocked to giddy stock markets instead – the reversal so that it is up about 11 percent in 2014 may seem surprising, except there may be some good reasons for it.


Brien Lundin, editor of Gold Newsletter, told MarketWatch gold has benefited lately from both Western speculators, some of them spooked by global political events, and also from Eastern savers, as consumers in China and India continued a buying surge.


“The crisis in Ukraine prompted a speculative buying surge that spiked the gold prices higher,” he said.


Read More @ MoneyNews.com


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