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Investors stay away from gold as confidence shatters

Since Monday's slide, it has largely underperformed even in the face of seemingly positive news

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Gold's performance over the last five years has shown that it can sometimes fail to perform as either the steady store of value it proved to be in the 1990s, or as the appreciating asset it was in the 2000s.

London

INVESTORS seeking alternative assets are moving on from gold, whose failure to perform when its price was expected to rise and recent volatility as demonstrated by Monday's price plunge are prompting them to seek returns and protection elsewhere.

While the market's bedrock

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