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The gold bounce: more to come, or sell now?

Gold Investments

Gold has experienced a major rally this year, but opinions are divided about whether there is more to come.

The past few years have not been smooth sailing for those who hold gold. From a peak of about $1,900 an ounce in 2011 – after a decade of near constant growth – the price sank to just over $1,000 late last year.

But since January gold has rebounded, surging back past $1,300 an ounce. The eight best-performing funds over the past year are now all gold funds, according to data service FE Trustnet.

Investors have piled into gold – seen as an insurance policy against stock market volatility and the threat of inflation – in the face of poor global growth, including fears over the slowdown in China and the EU referendum.

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