What's at stake: New research from Otago University senior lecturer Dr Muhammad Cheema has analysed the performance of 11 so-called 'safe haven' assets during 13 stock market downturns, and found gold is losing its shine.
Background: The price of gold hit record prices this week, exceeding US$3800 an ounce.
Key players: Gold, Otago University senior lecturer Dr Muhammad Cheema, Amova head of bonds & currency Fergus McDonald.
The price of gold has hit record highs after climbing more than 43% this year but a new study published by two New Zealand academics suggests it may be losing its sparkle as a safe-haven asset.
Gold prices rose above US$3800 an ounce for the first time this week, having doubled in value over the
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Key points
What's at stake: New research from Otago University senior lecturer Dr Muhammad Cheema has analysed the performance of 11 so-called 'safe haven' assets during 13 stock market downturns, and found gold is losing its shine.
Background: The price of gold hit record prices this week, exceeding US$3800 an ounce.
Key players: Gold, Otago University senior lecturer Dr Muhammad Cheema, Amova head of bonds & currency Fergus McDonald.
