Commentary
Economic recovery breathes life into commodities
Gold is outperforming stock markets, and oil prices should gradually rise on less supply
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Stock markets have roared back to life since bottoming in March, but even with their stellar recovery, equities are no match for the best-performing major asset of the year: gold.
The yellow metal is up 27 per cent this year, sharply outperforming key stock and fixed-income indexes like the S&P 500 (+11 per cent) and the Bloomberg Barclays Global Aggregate (+6.2 per cent).