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How do gold's 2019 gains stack up in different currencies?

Kitco News

Editor's Note: 2020 is expected to be another year of significant uncertainty and turmoil. But the question is what asset will emerge the victor when the dust settles from the global trade war, Brexit, recession threats, negative bond yields. It's a showdown of global proportions, so don't miss all our exclusive coverage on how these factors could impact your 2020 investment decisions.

(Kitco News) Gold has had a great year, reporting 18.6% gains in 2019 as spot prices rose from USD$1,282 an ounce on January 1 to USD$1,520.00 an ounce on December 31.

But, in which currency did gold perform best this year?

The Kitco News team created a chart for our readers that compares gold’s 2019 performance in different currencies. Take a look:

The best performer was gold in Indian rupees, up 21.70% year-to-date. Second on the list was gold in euro terms, up 21.16%. And the top third performer was gold in Chinese yuan, up 20.1%.

Other impressive performances included gold in the Australian dollar terms — up 19.1%, in the U.S. dollar terms — up 18.6%, and in the Japanese yen — up 17.5%.

Aside from notable yearly gains, the yellow metal hit record high prices in many of these currencies earlier in the year, such as the British pound, the Japanese yen, the Canadian and the Australian dollars, the Indian rupees, the South African rand, and many others.

The chart was compiled using data from Kitco’s aggregated charts of spot gold prices in different currencies. To see gold’s performance in other currencies, click here.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.