Gold, Flights to Quality

It is pleasing to see precious metals in favour as 2015 gets underway in earnest. Whilst ‘quality’ might be a subjective term, it seems to have been applied, in my opinion quite rightly, to gold, silver, platinum and palladium by investors looking to protect themselves from a start-of-the-year volatility storm in other asset classes. In the wider commodity world, oil and copper prices are still languishing whilst precious metals have shown their value to investors as a stand-alone and increasingly non-correlated asset class.