October 23, 2015
AND RATES ARE HISTORICALLY HIGH:
Gold's Role as Safe-Haven Investment Wanes (ALISTAIR MACDONALD and TATYANA SHUMSKY, Oct. 19, 2015, WSJ)
The price of gold, which typically swings with political, economic and inflationary threats, these days moves in step with a different force: the Federal Reserve. [...]"Gold is trading as a proxy for expectations of U.S. interest rates," said Kevin Norrish, who heads commodities research at Barclays. "People have looked at gold and expected it to act as a safe haven, and it hasn't."
Posted by Orrin Judd at October 23, 2015 11:23 AM
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