Gold Fails to Shine Again, Putting Haven Reputation on the Line

From bnnbloomberg.ca

After getting caught up in last week’s punishing virus-driven sell-off that hit everything from equities to commodities, traditional haven gold failed to push higher when trade restarted on Monday. The precious metal fell again even as investors reacted to a weekend of heavily negative developments, including a surge in cases around the world and predictions for severe economic dislocation. Friday’s slump in bullion was put down to investors being forced to sell to cover losses elsewhere. Bullion has a long-standing reputation as a go-to asset in times of stress, offering a simple way to shield portfolios when ... (full story)