U.S. Markets closed

Is Gold Losing Its Value as a Safe-Haven Asset?

Direxion of Direxion
Is Gold Losing Its Value as a Safe-Haven Asset?

Gold is down only 8% this year, but it’s off almost 13% from its high. For some reason, it has lost its allure as a hedge to inflation and global turmoil. The main culprit may just be the US dollar, which is only back to where it was in mid-2017. It’s tough to say why gold lost its glitter as a hedge—maybe investors are looking at other alternatives like bitcoin as a store of value in uncertain times.