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People clear snow from around their cars on a street in Montreal Sunday, December 22, 2013, as a winter storm warning has been issued for the region.
People clear snow from around their cars on a street in Montreal Sunday, December 22, 2013, as a winter storm warning has been issued for the region.
(Graham Hughes/THE CANADIAN PRESS)

Gold and cold: Is winter driving the rally?

Wondering why gold is having such a strong start to the year? Blame it on the weather.

Of course, there is no direct connection between gold and unusually cold winter conditions (unless you happen to believe this is the start of an ice age that will bury the world’s cities beneath a mile of snow, and gold – along with sled dogs – will form the basis of a new monetary system.)