Market meltdown: Gold emerges as safest bet
As worries over global slump deepens with many countries slipping into recession, investors have started shifting their fund to gold, better known as a safe heaven. For full story, click here
Articles Tagged "safe"
Gold emerges as safest bet
As worries over global slump deepens with many countries slipping into recession, investors have started shifting their fund to gold, better known as a safe heaven. For full story, click here
Yellow metal heads for 2-year decline
The yellow metal that rallied during every US recession in the past 3 decades, may fall to a two-year low as the threat of deflation curbs bullion’s shine. Joel Crane, a Deutsche Bank AG strategist, said: Gold is not considered a safe haven because investors are viewing it as part of the commodity class. Commodity [...]
And they all fall down…
By Kishori Krishnan – Exclusive to Gold Investing News Stock markets are down and so is the price of the yellow metal. Gold fell for the second day in Asia, extending a monthly drop that may become the worst in more than 25 years. The reasons being cited – a stronger dollar and decline in [...]
Is Gold a Safe Haven Investment?
The yellow metal has been seen as a safe haven in times of crisis. This notion is making itself evident in the recent demand hikes the gold market has seen. For full story, click here
Gold a “Safe Haven” Amid New Currency, Stock-Market Crisis
Price of the yellow metal sank and then bounced hard vs. the Dollar early on Monday, whipping violently against all major currencies as world stock markets added to 2008′s 40% losses to date. Mitsui – the precious metals dealer in London, said: While the key Indian festival of Diwali is one day away in India, [...]
