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Commodities Briefing - Categorized | Bullion/Gold, Currencies, Market Moves more

Investors bet on dollars as gold fails safety test

Posted on 28 October 2008

From Business-standard.com: Despite the global turmoil, gold prices have been falling, of late. It’s no more being seen as a safe haven. The yellow metal has failed to perform in the past years of crisis too.

Looking at the Samvat year’s performance of various assets, it is clear that gold has not performed. This only proves that the yellow metal, at best, acts as a capital protector. During Samvat 2064 that has just ended, the global financial instability and liquidity crisis eclipsed stocks and financial markets all over the world….. Full Article: Source


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VRS - who has written 39513 posts on Opalesque Commodities Briefing.


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