After a wretched 2013, when gold lost more than a quarter of its value, the yellow metal has enjoyed a bright start to the new year.
Its price is up more than 4 per cent since January 1, and traded as high as $1,271 a troy ounce yesterday. But should investors be disappointed with this performance?
After all, the global economy has not looked good in recent weeks. Several emerging market currencies have plummeted in value, stock markets in the US have dipped and economic data were weaker than expected, while concerns about Chinese growth have resurfaced.
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