Those owning gold in terms of the US dollar find themselves bored, and if they are not they should be. With gold trading $1,195, it’s down 0.5 percent for the year-to-date and that, in our opinion, defines boredom.
However, those long of gold in euro denominated terms know that with gold trading $977 per ounce, they are up 11.6 percent for the year.
