Private Investor's Diary
Gold and commodities are becoming a comfort blanket for John Rosier.
After a wonderful summer, markets and portfolios continued to rise, except for interest rates and sterling's value.
Gold Price Surge
The gold price gained 11.5% to $3,826 (£2,872) an oz and subsequently hit $4,000, a 50% increase this year.
Gold Miners' Performance
The L&G Gold Miners ETF (AUCP) is up 127% this year, outperforming gold.
The big question is how far this gold rally will run.
A period of consolidation is likely, but a significant reversal is unlikely in the near future.
Author's summary: Gold and commodities are rising.
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