Finally we note that this year-to-date since the trough in USDX in May, gold priced in euro (ytd +10.9%) and gold priced in an equally weighted basket of dollars, euro, yen and pounds (ytd +6.9%) have both outperformed gold priced exclusively in dollars (ytd +4.4%).
Source: Bloomberg LP; Treesdale Partners calculations; past performance is not indicative of future performance.
* Gold/CCY BASKET represents the price of gold in an equally weighted basket of dollars, euro, yen and pounds with daily rebalancing.
This article was written by Treesdale Partners, portfolio manager of the AdvisorShares Gartman Gold/Euro ETF (GEUR), AdvisorShares Gartman Gold/British Pound ETF (GGBP), AdvisorShares Gartman Gold/Yen ETF (GYEN) and AdvisorShares International Gold ETF (GLDE).
