If the first quarter of 2014 was anything to go by, gold could prove an interesting investment opportunity this year. We’ve already seen values recover from the sell-off of 2013 to register strong gains since the start of the year.
However, the somewhat calmer West versus Russia rhetoric and perceived stability in Ukraine following May's decisive election result, along with hints from the Fed that higher interest rates may come sooner than expected, saw gold give back some of its gains again. We came into the year trading at USD1,205, hit a peak of USD1,391 (+15.4% on the year) and it stood at USD1,255 as of the 30th May (+4.1% on the year).
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