Gold price up over 1%, closing in on new record
Bullion is now 18% higher for the year, boosted by anticipation of Fed loosening as well as significant buying by central banks.
Latin America used to be known for its economic and political instability.
But it fought off the global financial crisis with relative ease. Poverty is now falling, the middle classes are growing rapidly and asset markets are bubbling.
And it has the spectacular expansion of commodity demand to thank for all of this.
