LONDON, 22 June 2018 – Comment from BullionVault today contrasts with confusion among other analysts over gold's continued price drop in an article posted by fund comparison service Morningstar.
"We still cannot understand the response of the gold price in the current market environment of high risk aversion," the report quotes one bank's commodities research chief.
But while that view is common, says BullionVault director of research Adrian Ash, "people [will only be] puzzled if they think that gold should always go up in times of geopolitical tensions.
"That's a straw-man argument because that's not how gold works. Gold is really there for investors to act as financial insurance."
Originally posted on MarketWatch and also carried on sites including InvestorPlace and Finance Yahoo, the full story is available at Morningstar here:
