Trading Floor
Gold flounders under investor fatigue
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Gold, the safe-haven investment over the past decade, has been suffering from buyer fatigue of late. Still, Ole Hansen, Saxo Bank's Head of Commodity Strategy, says in this video that the precious metal’s value lies in the long term.
From being one of the most popular investments throughout the last decade, we’ve seen gold prices suffering over the last couple of months. Also this week, we’ve seen renewed tendencies for weakness. Gold has traded down to around the USD 1,640/oz level and has not really made any traction so far this year.
From being one of the most popular investments throughout the last decade, we’ve seen gold prices suffering over the last couple of months. Also this week, we’ve seen renewed tendencies for weakness. Gold has traded down to around the USD 1,640/oz level and has not really made any traction so far this year.