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Gold Triumphs Among Metals With Best Monthly Rally in a Year

  • South African gold stocks soared 35 percent, most since 1995
  • Market turmoil in January sent investors to safe-haven assets
Bloomberg business news

Have Gold Prices Found a Floor?

Updated on

For most commodity investors, January was one more bad month in a years-long bear market. Gold was an exception. 

Gold futures rallied 5.3 percent in January, the best gain in a year. The returns were far better in mining stocks, with an index of South African producers jumping 35 percent for the month, the most since at least 1995.