Coronavirus a double-edged sword for gold
While the metal is enjoying a safe-haven rally, weak demand in China might undermine any gains
30 January 2020 - 10:44
Launceston — One of the few beneficiaries from the outbreak of a deadly new coronavirus in China has been gold, which is fulfilling its customary role as a safe haven. But the epidemic may actually end up being bad news for the precious metal.
Gold market watchers, particularly those in the Western world, tend to focus heavily on risk-on, risk-off sentiment swings and subsequent flows into, or out of, gold investment products, such as exchange-traded funds (ETFs)...
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