Guldet har vänt upp i många valutor utom dollarn och det verkar bara vara början då valuta kriget kommer att fortsätta
The following chart shows the global gold price. This chart expresses the gold price not in US dollars, but in the trade-weighted external exchange value of the dollar. It appears as though the correction has ended and the gold price has entered a new uptrend in the autumn of 2014.
Global gold price back in an uptrend since autumn 2014
The prevailing divergence between perception and actual price performance can also be discerned in the table below. Last year, gold exhibited a negative performance solely in dollar terms. With a decline of 1.5% the loss was however quite moderate in the face of a historic dollar rally. One can also see that in euro terms a gain of 12.10% and in yen terms a gain of 12.30% was achieved. On average, the performance in the currencies under consideration here amounted to a solid 6.16%. Since the beginning of the year 2015, gold has done very well, too.
Gold price performance in various currencies since 2001