Gold most lucrative instrument of August

Gold most lucrative instrument of August

Gold was the most lucrative financial instrument in August, gaining more than 7 percent for investors in Turkey.

According to data released by the Turkish Statistical Institute (TÜİK) Sept.11, gold yielded 7.31 percent in August, surpassing all other financial tools.

All other tools also increased in value, albeit at lower rates.

Euro investors earned 3.79 percent from investing in the eurozone currency, while the stock exchange brought 3.65 percent more income.

Dollar ‘safe to save’

Meanwhile, the U.S. dollar, which rallied through the month due to expectations the U.S. Federal Reserve will opt to taper its monetary stimulus program following a meeting on Sept. 17-18, yielded 1.71 percent in August.