Summary: Gold keeps struggling to top $1400, which has many questioning whether the metal has lost its safe haven appeal, especially amid such uncertainty in the general equity markets. An analyst with Pioneer Investments believe it has, mainly due to the fact that the dollar is stronger and interest rates are rising. Liberty Trading Group President Cordier concurs, saying that all of the factors that supported gold are “off the table.” Concerns about inflation have not been realized, with many concerned about the prospect of “deflation.” But others warn not to sell all your gold holdings. A portfolio manager at Oppenheimer funds comments that investors should take a long-term view with gold, and not try and time the market too much. Read more…
Home ยป Is gold losing its safe haven appeal?
Is gold losing its safe haven appeal?
June 18, 2013 by MetalsWired Editor
Filed Under: Gold, Precious Metals Investing Tagged With: gold investing, gold news