Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Asian Metals Market Update: Aug 17 2018
By: Chintan Karnani, Insignia Consultants

Gold Seeker Closing Report: Gold Edges Lower While Silver Bonces Back
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 8 16 2018
By: Ira Epstein

For Sterling (Silver) Results, Repetition of the Basics Is Worth Its Weight in Gold
By: David Smith

Why Gold Should Be Accumulated At These Levels
By: Hubert Moolman

Who Would Invest in a Gold Bond?
By: Keith Weiner

Gold to Soar Above $6,000
By: Przemyslaw Radomski, CFA

The Big Grab
By: Andy Sutton and Graham Mehl

Serendipity in Life and in Markets
By: Michael Ballanger

Gold And Silver Prices Fall Sharply To Near 2 Year Lows Despite Strong Demand In Turkey
By: GoldCore

 
Search

GoldSeek Web

 
Gold Bullion Rose Another 10% In February – Best Month Since January 2012


 -- Published: Tuesday, 1 March 2016 | Print  | Disqus 

By: Mark O'Byrne

Gold bullion rose 10.1% in February adding to the 7% gains seen in January. This means that gold is the best performing asset this year, up 17% so far in 2016. Silver is the next best performing asset with an 8% gain year to date, followed by US Treasuries (30 Year Bond) which have gained 7.8% so far in 2016.

Comparatively, the S&P 500 index is down 4.7% this year, the Dow Jones Industrial Average is down 4.5% and the NASDAQ is down 7.8%. International indices have also seen losses with the FTSE down 2.6%, the DAX down 10.7% and the Nikkei down 13.7% (see table below).

Market Performance in February – Finviz.com
performance_february

Gold is again acting as a hedge for investors and pension owners exactly when they need a hedge.

The biggest influence going forward for gold is “likely to be risk appetite and concerns about markets and the global economy,” Mark O’Byrne, research director at GoldCore told Marketwatch.

“If stock markets begin to recover and make gains and risk appetite returns, then gold could come under selling pressure,” he said. “However, we believe the volatility seen in the first two months is likely to continue.”

Read more on Marketwatch here

LBMA Gold Prices
01 Mar: USD 1,240.00, EUR 1,141.70 and GBP 886.09 per ounce
29 Feb: USD 1,234.15, EUR 1,131.46 and GBP 890.95 per ounce

26 Feb: USD 1,231.00, EUR 1117.58 and GBP 878.87 per ounce
25 Feb: USD 1,235.40, EUR 1,121.41 and GBP 887.10 per ounce

24 Feb: USD 1,232.25, EUR 1,122.33 and GBP 885.52 per ounce

Mark O'Byrne, www.GoldCore.com

| Digg This Article
 -- Published: Tuesday, 1 March 2016 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2018



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.