[miningmx.com] – AFTER two years in the shadows, investment in gold is making a comeback, according to an article in the Wall Street Journal which cited a 26% improvement this year in the NYSE Arca Gold Miners Index.
The index, which tracks 39 gold-mining companies, has has outpaced a 8.9% rise in gold and a 4.5% increase in the S&P 500, the Wall Street Journal said.
“Gold companies just don’t look as expensive as they did in previous years. and you have a sentiment that is warming toward gold,” Catherine Raw, a portfolio manager for BlackRock Inc.’s $451m Commodity Strategies Fund told the newspaper.
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