Last year was a torrid time for gold-focused stocks but 2014 has seen a turnaround for the precious metal and its miners. Laura Miller quizzes multi-managers on gold's prospects
The numbers don't lie - gold and indices heavy with gold miners had a terrible time last year. By the end of 2013, the S&P GSCI Gold Spot Price had fallen by close to 30% and the HSBC Gold Index finished down by just over 50%. But from this low base, things have started to change. The New Year seems to have breathed a fresh breath of air into the precious metal and the companies that extract it from the earth. The HSBC Gold Index is up about 11.4% so far this year and the S&P GSCI Gold Spot price is up just over 6%. Compare this to the MSCI AC World Index, which is down about 4%. A...
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