Gold prices are the best-performing asset so far this year, as mounting worries over global economic growth have spurred safe haven buying.
As of today, gold and silver have rallied 12% and 11%, respectively. That compares to a 13% decline in natural gas and a 12% decline in the tech-heavy NASDAQ Composite Index.
Gold futures finished near $1,200 an ounce on Wednesday for their second-best settlement since mid-June. March silver ended at $15.27 an ounce, after briefly reaching $15.43 earlier in the week—the precious metal’s highest level since early.
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