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.
There Is No Guide to Gold That is More Concise, Clear and Authoritative.Download our FREE Special Report, Is Gold a Good Investment? Gold Price Today and Future Gold Price Predictions.