Gold is your next bet?
Gold prices rose 4% in 2008 as nearly US$30 trillion of funds invested in equities were wiped off. The fall in interest rates also spurted the demand for the yellow metal after the Federal Reserve cut its benchmark interest rate to near zero percent. As per Bloomberg, the metal has been the second-best performer in the index of 26 commodities this year, behind cocoa. Going forward, economists expect uncertainty over performance of other asset classes to continue to attract money to gold from investors seeking to diversify their portfolios.
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