The gold price, Australian dollar, Bitcoin and Ripple could all be heading for 52-week highs

The best-performing shares within the S&P/ASX 200 (Index: ^AJXO) (ASX: XJO) came within the gold sector today, after the gold price and Australian dollar hit 4-month highs at around the same time.

On the market leading gold miners Newcrest Mining Limited (ASX: NCM), Northern Star Resources Ltd (ASX: EVN)Evolution Mining Ltd (ASX: EVN) and Resolute Mining Limited gained 3%, 4.5%, 6.7% and 5.9% respectively. This is on the back of the US dollar price of gold hitting US$1,344 today, just off a 52-week high.

The price of gold moves in mysterious ways with many pundits claiming rising yields on US interest, cash and debt rates would make gold a less attractive asset class. However, it seems the prospect of a return to inflation and monetary tightening are sending the precious metal higher.

Given the divergent forces driving the gold price its direction is impossible to predict, with some even claiming the value of currency is decreasing, rather than the value of gold rising, as the dawn of crypto-currencies acts as a counterweight to money printing or quantitate easing.

The Australian dollar is also near US80 cents today as rising commodity prices and bets that “synchronised global growth” can support risk-on currencies send the local dollar higher.

Some credible analysts are also expecting an RBA cash rate hike at the end of 2018, although if that does not materialise the Australian dollar is likely to edge lower over the next 12-18 months.

Unsure where to invest given the mixed outlook?

Then why not discover 3 blue-chips of tomorrow that are old-fashioned wealth creators…

Top 3 ASX Blue Chips To Buy In 2018

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool's in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool's Top 3 Blue Chip Stocks for 2018."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand - and how quickly the share prices of these companies moves - we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor Tom Richardson has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.