Gold glitters in flight to safety but rally not expected to last
Price is up 4 per cent since the start of the year, but analysts say investor focus will return to US rates when markets stabilise
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Singapore
INVESTORS are buying more gold as its status as a safe haven gains traction again, though analysts believe that the yellow metal's glowing start to the year is not expected to last.
Once the shock of market volatility of the past few weeks wears off, investors' focus will probably return to a further rise in US interest rates, which would prove negative for gold prices, they say.
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