Precious Metals Best-performing Commodity Group In 2008: Etf

摘要

London-Precious metals has been the best-performing commodity group in 2008, with gold the star performer, holding steady in US dollar terms while most other asset classes crashed, ETF Securities said last week. In sterling and euro terms, the spot gold price rose by 40% and 21%, respectively, the company added.rn"Extreme financial market volatility and risk aversion since September has underlined precious metals' attractiveness as a safe-haven asset and event hedge," ETF said in its Commodities Review 2008.