- Analytics
- News and Tools
- Market News
- Gold: Maintaining its safe-haven status – OCBC
Gold: Maintaining its safe-haven status – OCBC
FXStreet reports that gold seems to have lost its safe-haven allure in the past weeks. Logically, this makes little sense and is highly counter-intuitive, according to economists at OCBC Bank.
"As Covid-19 started to invoke fears of a dollar liquidity crunch, gold became a ripe candidate for a selloff as was a highly liquid asset and one of the few markets still posting year-to-date gains."
"Gold properties - rare, inert and high density - still makes it one of the top choices as an alternative asset to stocks and bonds."
"The current liquidity crunch highlights inherent failings within the economic system and does not suggest gold has lost its status as a safe-haven."
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
