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Analysis Reports
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Title:
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Gold Investment Digest - January 2009
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Category:
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International Markets
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Source:
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World Gold Council
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Sector:
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Financials
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Company:
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Detail:
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Date:
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1/31/2009
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Pages:
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16
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Language:
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English
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File Type:
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Size:
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653 Kb
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Summary:
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The gold price increased for the eighth consecutive year in 2008, amid one of the most
tumultuous years in financial markets since the Great Depression, fulfilling its role as a
safe-haven asset in times of geopolitical or financial distress. The price ended the year at
US$869.75/oz, on the London PM fix, US$36/oz higher than end-2007. The average gold
price rose by US$175.33/oz to US$871.85.oz. Gold’s performance is impressive considering
the massive wealth destruction that took place elsewhere in financial and commodities
markets. Global equities and many commodities lost around half their value last year.
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