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Hybrid Gold Bounces As It Can’t Decide If It’s A Safe Haven Or A Commodity
Forbes reported that gold is acting as both a safe haven investment and a commodity.
As quoted in the market news:
Still, the yellow metal remains up about 20% this year and most analysts remain bullish. It’s as hard to explain gold’s skyrocketing rise as it is its precipitous fall; UBS strategist Edel Tully notes gold is now behaving like a hybrid, acting as commodity or safe haven as investors try to find balance amid opposing forces.
