Given gold´s perceived role as a safe haven there have been many comments in the media about gold´s “surprising” 10% or so decline in price during the recent market turmoil when many commentators were expecting it to soar in value.
In reality tthe 10% decline is from the peak price achieved at the beginning of March. Year to date it has fallen 2.3% but over 12 months it has gained over 13% – in dollar terms.
|Ishares SGLN Physical Gold US$ (year to date)|
|Ishares SGLN Physical Gold US$ (12 months)|