Gold Prices: This Chart Shows Just How Wrong the Gold Skeptics Were

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.

The post Gold Prices: This Chart Shows Just How Wrong the Gold Skeptics Were appeared first on Profit Confidential.

First published here: http://www.profitconfidential.com/gold/gold-prices-this-chart-shows-just-how-wrong-the-gold-skeptics-were/

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