Gold is holding up well in advance of the Federal Reserve’s meeting this week. For several months, pundits expected the Fed to raise rates at its September 16-17 meeting, but now most of those pundits have switched camp to predict another postponement of rate increases.

Gold fell back to $1123 last week, but it is still outperforming stocks and most other commodities for the first nine months of 2015.

Gold rose $35 in August, a rise of more than 3%, while the Dow Jones industrial index fell by 6.6%. In addition, the U.S. dollar fell about 1% in August. 

Gold rose $35 in August, a rise of more than 3%, while the Dow Jones industrial index fell by 6.6%. In addition, the U.S. dollar fell about 1% in August. 

Gold is basically the only commodity that is rising during a period of general decline in commodities and a sell-off in global stock markets, led by a historical “bubble” popping in China.  Oil fell below $38 per barrel on Monday, even as gold hit $1166 on the Monday pm London fix.  Silver fell below $15 per ounce, even as gold was rising, underlining gold’s role as a global crisis hedge. Also on Monday morning, the Dow Jones index was down 1,089 points on the opening! Even though it recovered by day’s end, the Dow was down over 10% from its May peak, signaling the first 10% stock market correction since 2011.   

Gold is basically the only commodity that is rising during a period of general decline in commodities and a sell-off in global stock markets, led by a historical “bubble” popping in China.  Oil fell below $38 per barrel on Monday, even as gold hit $1166 on the Monday pm London fix.  Silver fell below $15 per ounce, even as gold was rising, underlining gold’s role as a global crisis hedge. Also on Monday morning, the Dow Jones index was down 1,089 points on the opening! Even though it recovered by day’s end, the Dow was down over 10% from its May peak, signaling the first 10% stock market correction since 2011.   

Gold is basically the only commodity that is rising during a period of general decline in commodities and a sell-off in global stock markets, led by a historical “bubble” popping in China.  Oil fell below $38 per barrel on Monday, even as gold hit $1166 on the Monday pm London fix.  Silver fell below $15 per ounce, even as gold was rising, underlining gold’s role as a global crisis hedge. Also on Monday morning, the Dow Jones index was down 1,089 points on the opening! Even though it recovered by day’s end, the Dow was down over 10% from its May peak, signaling the first 10% stock market correction since 2011.   

Gold is basically the only commodity that is rising during a period of general decline in commodities and a sell-off in global stock markets, led by a historical “bubble” popping in China.  Oil fell below $38 per barrel on Monday, even as gold hit $1166 on the Monday pm London fix.  Silver fell below $15 per ounce, even as gold was rising, underlining gold’s role as a global crisis hedge. Also on Monday morning, the Dow Jones index was down 1,089 points on the opening! Even though it recovered by day’s end, the Dow was down over 10% from its May peak, signaling the first 10% stock market correction since 2011.   

Gold is basically the only commodity that is rising during a period of general decline in commodities and a sell-off in global stock markets, led by a historical “bubble” popping in China.  Oil fell below $38 per barrel on Monday, even as gold hit $1166 on the Monday pm London fix.  Silver fell below $15 per ounce, even as gold was rising, underlining gold’s role as a global crisis hedge. Also on Monday morning, the Dow Jones index was down 1,089 points on the opening! Even though it recovered by day’s end, the Dow was down over 10% from its May peak, signaling the first 10% stock market correction since 2011.   

Gold is basically the only commodity that is rising during a period of general decline in commodities and a sell-off in global stock markets, led by a historical “bubble” popping in China.  Oil fell below $38 per barrel on Monday, even as gold hit $1166 on the Monday pm London fix.  Silver fell below $15 per ounce, even as gold was rising, underlining gold’s role as a global crisis hedge. Also on Monday morning, the Dow Jones index was down 1,089 points on the opening! Even though it recovered by day’s end, the Dow was down over 10% from its May peak, signaling the first 10% stock market correction since 2011.