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Gold loses haven status; sees waning investor interest

Posted on 07 October 2013

The big news of last week, the US government shutdown, has been engaging the attention of not only politicians but also businesses and markets. The debt ceiling issue is also looming and there is expectation of an agreement on the issue; if achieved it will boost the US business confidence.
As for commodity markets, despite some catalysts for upward price movement, gold has failed to benefit from the shutdown or reassert its haven status. Delayed tapering of QE has also not really benefited the yellow metal. Simply put, investor interest in this commodity has been subdued this year with sluggish demand growth contributing to reduced interest………………………………………..Full Article: Source


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VRS - who has written 36706 posts on Opalesque Commodities Briefing.


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