Gold on Pace to Post 12th Annual Gain

Bloomberg reported that gold is on track to post its 12th annual gain.

As quoted in the market report:

The metal averaged a record $1,668.70 this year even as it slid 6.3 percent since September, set for the biggest quarterly drop since 2004. The run of annual gains is the longest since at least 1920. The Standard & Poor’s GSCI gauge of 24 commodities fell 0.1 percent this year and the MSCI All-Country World Index (MXWD) of equities climbed 13 percent. Treasuries returned 2.3 percent, a Bank of America Corp. index shows.

To view the whole Bloomberg report, click here.