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Despite Low Gold Prices, the Yellow Metal Is Outperforming These Investments
Commodities took it on the chin last month. Crude oil saw its steepest monthly loss since October 2008. Both copper and aluminum touched their lowest levels in six years. And on July 19, gold experienced a mini flash crash, sending the gold price down to five-year lows.
Yet compared to many other asset classes, gold has held up well, even after factoring in its price decline.
Commodities took it on the chin last month. Crude oil saw its steepest monthly loss since October 2008. Both copper and aluminum touched their lowest levels in six years. And on July 19, gold experienced a mini flash crash, sending the gold price down to five-year lows.
Yet compared to many other asset classes, gold has held up well, even after factoring in its price decline.