Bear Market History Offers Hope to Gold Investors for Second Half of Year

Bloomberg reported that, historically, gold in a bear market performs better in the second half of the year, offering hope to investors that were battered in the early part of this year.

As quoted in the market report:

Gains averaged 1.3 percent in the second half from 1981 to 2000, when gold endured a two-decade bear market, data compiled by Bloomberg show. First-half losses averaged 3.9 percent in the period. Investors sold 404.4 metric tons from exchange-traded products backed by the metal in the second quarter as prices tumbled into a bear market in April.

To view the whole Bloomberg report, click here.