Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
It would be fair to say that despite financial turmoil early in the year due to fear of devaluation of Yuan, global assets have performed relatively well in 2016.
Equity:
- Top performing index this year so far has been Argentina Merval, which has risen 34 percent, followed by Brazil’s Bovespa (28 percent). In both the countries, political changes have fuelled optimism.
- Indexes in Turkey and South Africa have risen 19 percent and 17 percent respectively, on the hope of a recovery in economic activity.
- MSCI emerging market has been a top performer too this year, with 11 percent rise.
- S&P 500 is on its way to mark eighth consecutive year gains with 7 percent rise this year. However, the FTSE100 has outperformed S&P 500 with 9 percent gains on the hope of stimulus from the Bank of England (BoE).
- One of the worst performers has been Italy’s FTSEMIB (-19 percent) as investors worry on looming banking crisis in the country. The yen’s rise this year took its toll on Nikkei which is down 13 percent, same as Shanghai composite.
- The fear of Brexit weighs on European stocks. German DAX is down 6 percent and pan-European EuroStoxx 600 is down 5 percent.
Bond market:
- Top performers in this category this year are US high yield assets (14 percent) thanks to a recovery in commodities price especially oil, followed by Gilts (12 percent). US investment grade has returned 8 percent, followed by Euro investment grade (5 percent). Euro High Yield assets have returned 5 percent.
- Government bonds in Germany and the US have both returned 6 percent.
Currencies:
- Yen has been the best performer this year and returned around 14 percent. Emerging market FX has down well too with 4 percent return. The Euro has returned 2 percent.
- The worst performer is the sterling which is down 10 percent. The dollar is down 2 percent too.
Commodities:
- Commodities have been best performing asset class so far this year, where Iron ore has returned 30 percent, 26 percent for Brent, and 25 percent for Gold.
