Saturday, January 1, 2011

Gold posts 30% gain in 2010, largest in 3 years

Gold has gained nearly 30 percent in 2010, based on Friday's fixing, marking its strongest annual performance since 2007 and its fifth straight monthly rise in December.

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Gold has gained nearly 30 percent in 2010, based on Friday's fixing, marking its strongest annual performance since 2007 and its fifth straight monthly rise in December.

The spot price fixed at $1,410.25 an ounce on Friday morning , compared with $1,405.50 an ounce at the previous fixing on Thursday afternoon.

Based on the fixings, gold has risen by 29.7 percent this year, compared with a 28.7 percent increase in the freely traded spot price, the largest annual rise since 2007, when the global financial crisis unfolded. - Reuters

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