What a terrible year 2013 was for investors in gold and emerging markets. The yellow metal declined a phenomenal 29.3 per cent. For their part, emerging market equities were down 4 per cent compared with a 24.5 per cent rise for developed world equities, based on data from S&P Dow Jones Indices. The intriguing question is whether the falls in these two very different asset classes were linked.
對於黃金和新興市場經濟體的投資者來說，2013年實在是一個糟糕的年份。黃金價格下跌了驚人的29.3%。新興市場股市則下挫了4%；與之形成對比的是，來自標普道瓊指數(S&P Dow Jones Indices)的數據顯示，發達國家股市上漲了24.5%。一個令人好奇的問題是，對於黃金和新興市場股票這兩種非常不同的資產類型，其下行走勢之間是否存在關聯。
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