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MONEY MATTERS

High-yield assets are in, gold is out

Investors are becoming increasingly bearish after the Federal Reserve raised interest rate-hike expectations.

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AS the US dollar's strength continues to gather momentum, it's inspiring Asian investors to seek high-yielding assets, while pushing the price of gold to lows not seen in almost a year - PHOTO: AFP

AS the US dollar's strength continues to gather momentum, it's inspiring Asian investors to seek high-yielding assets, while pushing the price of gold to lows not seen in almost a year. Once the safe-haven precious metal of choice for jittery investors, the sheen on gold is lacking its lustre of