You are here

Gold's safe-haven status tarnished by speculators

Its price has become more volatile as short-term investors and speculators dump the precious metal to raise cash

Gold's price gyrations are due to speculative demand from hedge funds, commodity trading advisers and individuals, among others.


VOLATILITY has been so extensive amid the current global financial slump that analysts and investors are questioning claims that gold is a safe haven.

Even the World Gold Council (WGC), the research and marketing organisation of member mines, is concerned about the...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to