Gold gains as faith in paper declines
Gold has fallen for four years on the trot, but 2016 could be a different story.
Gold has fallen for four years on the trot, but 2016 could be a different story. The yellow metal leapt by 20% in the first quarter, its best three-month performance since the global crisis erupted in late 2008. The equity market wobble in January helped bolster gold's safe-haven appeal, while negative interest rates have also stimulated buying, says Kyle Caldwell in The Daily Telegraph.
They have rendered bonds less appealing 30% of high-quality sovereign paper is on a negative yield and make gold's lack of income less of a disadvantage.
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