The gravity-defying rally in gold has renewed investor interest in the shiny metal. At a time when other asset classes are struggling, gold has delivered over 40 per cent over the last one year. That's very much in line with its image of being a safe haven. As a result, gold-fund assets have spiked after years of sustained decline (see the graph below). We compare gold's historical performance against equity and fixed income to see how promising investing in gold has been.
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