By Marcus Grubb
NEW YORK (MarketWatch) — The recent decline in the price of gold has led some market commentators to the conclusion that gold is no longer performing the function for which it was bought: as protection against macro-economic uncertainty.
If it was, goes the argument, the price would be rising as people continue buying. This reaction is unsurprising given gold’s GCQ2 -0.93% strong performance since the onset of the financial [...]
Gold’s value is more than just its price
By Marcus Grubb
NEW YORK (MarketWatch) — The recent decline in the price of gold has led some market commentators to the conclusion that gold is no longer performing the function for which it was bought: as protection against macro-economic uncertainty.
If it was, goes the argument, the price would be rising as people continue buying. This reaction is unsurprising given gold’s GCQ2 -0.93% strong performance since the onset of the financial [...]