|  
  |  
  |  
  |  
RSS
  |  
  |  
May 27, 2012
 
 
 
 
 
 

Gold generates highest real monthly returns in May

Breaking record after record recently, gold yielded the highest monthly real returns last month.
12 June 2010 / TODAY’S ZAMAN, ANKARA
Gold made its investors happy last month, yielding the highest monthly real returns among other financial instruments, with the rates of 9.81 percent when adjusted for inflation using the producer price index (PPI) and 8.94 percent when adjusted for the consumer price index (CPI).

The Turkish Statistics Institute (TurkStat) released its latest report on Friday on the rates of real return yielded by investment instruments in May. According to the report, the monthly real return rate of the US dollar and deposit interest were 4.81 percent and 1.83 percent, respectively, last month while the euro and the benchmark index of the İstanbul Stock Exchange (İMKB) suffered monthly real losses at rates of 1.77 percent and 3.77 percent, respectively, when adjusted for the PPI. When adjusted for the CPI, the US dollar and deposit interest brought monthly real profits of 3.97 percent and 1.02 percent, respectively, while real losses were 2.55 percent in the euro and 4.54 percent in the stock exchange.

Quarterly, gold yielded the highest real profit with the rates of 8.32 percent according to the PPI and 10.81 percent according to the CPI. Biannually, however, the stock exchange was the financial instrument bringing the highest returns, recording real returns of 11.24 percent and 12.77 percent according to the PPI and CPI, respectively.

 
Columnists
Weather
City>>
ISTANBUL
Today Mon Tue
14C°
22C°
15C°
23C°
15C°
22C°