The writer is global head of commodities research at Standard Chartered
Gold’s haven status is being questioned — again. Prices have fallen sharply since the start of the Middle East conflict, dropping about 12 per cent. This has contradicted the view of gold as a haven asset that provides stability (or appreciates) at times of market distress, heightened uncertainty or geopolitical tensions. However, I believe gold’s status remains intact even as it switches roles in the short term and expect prices to test record highs again.
Gold can play both the headliner and a supporting role in markets. However, this does not mean gold has lost its traditional role.
您已阅读14%（663字），剩余86%（3997字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。