Investment Statistics and Commentary
23 January 2012
Updated country statistics and investment commentary summarising gold's performance in 2011
This brief commentary summarises gold’s price performance in various currencies, its volatility and correlation to other assets from the perspective of global financial markets, describing the macroeconomic factors that influenced gold’s behaviour during the year. In particular, it discusses major market events in 2011 which helped gold prices move up during the year and explains its observed correlation to equities during a period of US dollar appreciation.
2011: Another positive year for gold
After a tumultuous year in financial markets around the world, gold was one of few asset classes to deliver positive returns. During 2011, the US dollar price of gold rose by 9% ending the year at US$1,531/oz based on the London PM fix, marking the 11th consecutive year of price increases. During the first part of January 2012, the price of goldcontinued its upward trend above the US$1,600/oz level.
This commentary complements detailed gold investment statistics in multiple currencies regularly published on our website in spreadsheet form. The country statistics cover price performance, exchange rate effects, correlation analysis and the historical volatility of gold and a range of assets.
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http://worldgoldcouncil.newsweaver.co.u ... p=20640345
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