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Gold: you're indestructible (even if the price goes down sometimes)

By Chris Bailey of Financial Orbit | Sunday 5 February 2023


 


I read in the Sunday press that allegedly the “FCA offers to bend the rules to land Arm float”. That is certainly something to keep an eye on this year, especially as the FTSE 100 - unlike many of its global peers - is somewhat light in the excitable world of technology stocks. An area the FTSE 100 is heavily exposed to however is the commodity sector. Last week may have seen “London’s FTSE 100 Index ended the week on a high having reached its highest ever score, beating the previous record of 7,903.5 set in May 2018”, but you may have seen that natural gas, oil and silver prices have fallen even further this year and even my beloved gold is only up a couple of percent in dollar terms over the first five or so weeks of 2023…
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