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Gold Prices perform well thanks to 'solid fundamentals'

Gold Prices have performed well in the first three months of the year thanks to "solid fundamentals".

That is according to the World Gold Council (WGC), which reveals that while Gold Prices are often assumed as having a negative correlation with the US dollar and stock markets, this year is proving this is not always the case, according to the Telegraph.

The WGC suggests that Gold Prices are performing well despite US dollar and stock market improvements.

It said: "What becomes clear is that gold's continuing upward price trend is anchored in solid fundamentals," reports the news provider.

Meanwhile, the Wall Street Journal's Market Watch has suggested that anticipation is high that Gold Prices are just a few steps away from record levels following recent rises.

According to the news provider, JSMineset's Dan Norcini said: "What an impressive performance [from] gold ... the climb higher was steady signifying that not only a sizeable bout of short covering was occurring, but also an influx of new buying was occurring."

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