Gold funds dominated the performance charts in the first three months of 2016, with two funds returning over 50%, as many asset classes saw a reversal of their fortunes last year.
The precious metal was out of favour during 2015 as it failed to live up to its safe haven status and prices fell to five-year lows as markets anticipated a US interest rate rise. However, during 2016 so far gold has posted its largest quarterly rise in nearly 30 years, up 16% from $1,100/oz in January to $1,225/oz in April, as investors sought refuge from volatile equity markets and the Federal Reserve said it would "proceed cautiously" with any future interest rate hikes. Price boost Rising prices have benefitted gold companies, with the share prices of Randgold Resources and Fres...
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