Gold Closes At 3-Month Highs; Best Asset Since Taper

Tyler Durden's picture

Gold has risen 6 of the last 7 days, breaking back over $1,275 and closing at three-month highs as the last 3 days have seen stocks and precious metals bid. Silver is on a 7-day win streak holding above $20 for the last 3 days. Despite fading back from highs today, gold outperformed stocks and bonds (on a flat USD day) and gold remains the best-performing asset (+3.75%) from the December Taper.

 

Gold hits its highest since mid-November...

 

Since the taper, Gold has outperformed...

 

Charts: Bloomberg