Home / Insurance Tips / Gold’s rise in January bodes well for commodities for rest of 2016

Gold’s rise in January bodes well for commodities for rest of 2016

When the price of gold rises in January C as it did last month by 5.3 per cent C it usually means investors can expect the rest of the year to be a good one for the world's commodities.

When the price of gold rises in January C as it did recently by 5.3 percent C it always means investors can get the rest of the year to become a good one for that world’s commodities.

In fact, when gold has increased in January, the S&P GSCI, an index composed of 24 commodity futures, has gone onto record an annual gain 72 per cent of times, according to an analysis by S&P Dow Jones Indices. With gold being up recently, there’s a 72 percent chance that the S&P GSCI will rise this season. 

The index has lost a little over six per cent so far in 2016 C but tanked 26.1 percent in the final 12 months.

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