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Are you feeling a bit confused about how the gold price has fared this year? Below we lay it all out for you, and compare it across different currencies as well as asset classes. These top #GoldRatios tell us so much about gold’s performance not only in the last year but more importantly for the year ahead. And that’s what we’ve got coming up.
#Gold and silver prices have been rising since early November. After setting a high for the year in early March, soon after Russia invaded Ukraine, gold was on a declining trend in US dollar terms until early November. In other currencies, gold has fared better and trended sideways since May. For the majority of the year gold and silver prices faced stiff headwinds of tightening monetary policy, rapidly rising interest rates, and a surging #USdollar.
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