Gold Quarterly Statistics Commentary Q1 2012

Quarterly statistics commentary Q1 2012. Rising price in all major currencies with yen investors benefiting most.

All American Investor

This brief commentary summarises gold’s price performance in various currencies, its volatility statistics and correlation to other assets in the quarter. It provides context to the investment statistics files published at the end of each quarter.

The primary macroeconomic events that shaped Q1 2012 for gold were broad-based US economic data strength, China slowdown concerns, ECB (European Central Bank) bank loans and future European bailout potential. In an eventful quarter for the global economy that saw increased volatility in capital markets, gold finished the quarter materially higher despite a number of headwinds.

Gold Chart

All American Investor

Gold Chart, Daily

Entering overbought. Short term trend up.

@AllAmerInvest Gold 2011, Gold Chart

Gold Prices to end 2011 Below $1,800: You Said It

Gold had a wild year, starting the year at $1,412 an ounce, hitting a low right out of the gate of $1,314 and then rallying to an intra-day high of $1,923 an ounce.

The past few months have not been kind for gold. Gold tanked 13% in September and 8% in just three days last week as a strong dollar hammered prices. Now gold is floating around $1,600 an ounce as volume thins out.

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