The Trade: Gold prices surging to start 2016
Amid the market volatility in 2016, gold futures prices are already up nearly 8 percent this year.
After posting three consecutive years of losses and falling to the lowest level in six years back in November, gold prices are once again on the rise as investors seek shelter from the global volatility in the commodity known for its safe haven appeal.
On Wednesday, bullion hit an intraday high of $1,146 per ounce, the highest level since October. What if prices keep rising over the next one month?
Using data from Kensho, a tool designed to quantify historical market events, CNBC Pro ran a study to find the stocks and ETFs that gained the most if the price of gold futures rises 5 percent or more in one month.
[“source -pcworld”]
