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Why gold may be losing its shine as a safe-haven investment

By David McMillan, Professor in Finance, University of Stirling

The price of gold reached a historic high in April and remains close to that value. Conventional investing wisdom puts gold as a “safe-haven” asset – one that investors move towards in times of crises as they desert higher-risk assets such as stocks. But in August, the S&P 500 stock index also hit a record high and, like gold, it too remains close…

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