Gold Rallies

One of the best performing asset classes in this year has been the yellow metal. With yields being higher gold has proved to be the safe haven for investors. Banking sector worries have started to ease which would make life a little easier for the central banks . Traders are betting with a further increase in the price of the metal after it hit its 12 month high. The prices touched $2000 an ounce. March is set to be the first month with net inflows for Gold related ETFs for almost 10 months. The banking crisis definitely did have a role to play in this rally.