Gold breaks three year losing streak in 2016 vs. the U.S. Dollar; higher against the Euro, the Australian and Canadian Dollars currencies three years in a row.
Gold hit all time highs against the Syrian Pound, the Turkish Lira and Ukraine Hyrvnia during 2016.
Silver out performed gold in 2016.
Gold vs. Major World Currencies in 2016.
U.S. Dollar strength held back gold’s gains in 2016.
Gold rose against the U.S. dollar and most major currencies in 2016. The price of gold in 2016 fell against some currencies that are dependent heavily on exporting natural resources and oil as the price of oil rebounded sharply in 2016.
Here are some charts showing gold priced in world currencies and against the dollar in 2016:
Gold vs. the United States Dollar – up 8.5% in 2016 (down 10.5% in 2015) (down 1.8% in 2014); Silver up 15.30% in 2016
The Federal Reserve’s threats to raise interest rates and the supposed strengthening of the U.S. economy kept the U.S. dollar strong against other currencies (especially the Euro and British Pound) and gold in 2015.
Gold soared against the U.S. during the first half of 2016 and sold off in the second half.
Gold vs. the Argentine Peso – up 32% in 2016 (up 36.58% in 2015) (up 31% in 2014); Silver up 40.75% in 2016.
Gold soared against the Argentine peso for the third year in a row following a devaluation of the peso in December 2015.
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