sunshineprofits.com / ARKADIUSZ SIEROŃ / JANUARY 6, 2017, 8:17 AM
How can we summarize the last year in? First of all, it was a mixed year for gold. The first half of 2016 was excellent for the yellow metal. Actually, the several-month long started in December 2015, when the shiny metal found a bottom at $1,049, after the historical meeting and the first interest rate hike for almost a decade. From then, the shiny metal made higher highs and higher lows, reaching a peak at $1,366 at the early July in the aftermath of the British referendum on the withdrawal from the EU. Gold was one of the best performing assets that time, and gained about 30 percent, as one can see in the chart below.