Gold outperformed most major assets, including commodities,
throughout the second quarter of 2011, the World Gold Council announced July
The gold price rose by 4.6 percent during the second
quarter. The average gold price was
$1,506.13 per ounce, an uptick of 8.6 percent over 2010.
The WGC notes that gold outperformed major bond, equity, and
commodity indices in developed and emerging markets on a quarterly basis. On a risk-adjusted basis, U.S. and global
Treasury bonds were the only commodities that surpassed gold’s performance.
The gold price hit a new high on July 14, nearing the $1,600
an ounce mark.