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The chart below from Reuters shows that gold, despite its somewhat disappointing performance lately, has still been outperforming all major asset classes this year.   This can be attributed partly to the heavy amount of geopolitical risk present as of late – according to Zero Hedge, 11.7% of the world is at war right now

Gold reached its highest price in almost two weeks on Wednesday, as investors worried about geopolitical tensions and the economic landscape in Europe. Gold for December delivery gained $22.90, or 1.8%, to reach $1,308.20 per ounce – its highest price since July 21. In summary, investors have been watching the following economic and geopolitical stories: Italy’s economy has fallen into recession

Dr. Ron Paul, former U.S. Representative and one of the most important voices of America’s libertarian movement, was interviewed on CNBC’s “Futures Now” about his outlook on gold. In the interview, which took place on July 29th, Dr. Paul remarked on the rise in the price of gold over the last few decades, and what that

The Federal Reserve completed its two-day meeting on Wednesday and announced that it will continue to taper off its bond-buying program (also known as Quantitative Easing or QE), citing an improving U.S. economy. The plan to end the program completely in October still stands. The Fed’s Statement Regarding Purchases of Treasury Securities and Agency Mortgage-Backed Securities reads as follows:

Gold fell from a one-week high on Tuesday but was little changed on Wednesday morning as investors are weighing signs of an improving U.S. economy against geopolitical tensions in Russia/Ukraine and the Middle East. The Federal Reserve concludes their two-day meeting on Wednesday, and data is expected to show that the economy rebounded last quarter.