Bouquets and brickbats: Why gold never actually lost is lustre

Some investors question if gold has regained its safe haven status but we remain of the perspective that it was never actually lost. Gold tends to go through periods when different factors have a dominant influence on supply and demand characteristics, subsequently impacting its pricing. Last year, for example, short-term focused investors that held gold in exchange traded funds (ETFs) and other gold investments liquidated 881 tonnes in a frenzy to take advantage of rising US equity markets. This caused a 29% contraction of the gold price and a 53% deterioration of the S&P/TSX Global Gol...