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Guavy Wire

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Lead story Commodities Gold Struggles as Safe-Haven Appeal Fades Amid Market Turbulence Recent market turbulence has increased demand for traditional safe-haven assets like US Treasuries and the dollar, but gold has not benefited, falling below $4,000 an ounce. Despite a favorable 'risk off' environment, gold has failed to attract buyers, even as central banks increased purchases by 42% in the third quarter. An IMF paper suggests gold is not a reliable hedge against equity market volatility, and its correlation with equities has turned positive. Gold is now the worst-performing asset class year-to-date, down 9%, and a rebound may not come from further stock market declines. Sentiment -3 Clout 78 Speculation 5 Gold

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