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Gold maintaining centuries old safe haven role – LBMA
By any measure, gold is maintaining its centuries old role as a safe haven and store of value in troubled times, London Bullion Market Association (LBMA) CEO Ruth Crowell stated on Tuesday. Figures for the first quarter of this year have boldly underlined gold’s continuing importance as a key store of value at times of global economic turbulence.These figures record that the London gold price rose 5.8% during the first quarter of 2020, from $1 520.55/oz on January 2 to $1 608.95/oz on March 31. In the same period, leading equity indices fell heavily, with the Standard and Poor (S&P) 500 index losing a fifth of its ... (full story)