Gold extends decline after worst quarter in 13 years; Amundi sees continued demand amid monetary policy challenges
By
Hugh Leask
Summary
Gold prices continued their decline on Wednesday, extending losses after the worst quarterly performance for bullion in 13 years. Despite the slide, Amundi Investment Institute argues gold remains a valuable portfolio asset due to challenging monetary policy, high public debt, and central banks diversifying away from dollar-based assets. The article highlights gold's traditional safe-haven role even as market correlations shift.
Source
bskyGold extends decline after worst quarter in 13 years; Amundi sees continued demand amid monetary policy challengescnbc.comKey quotes
· 2 pulledDespite the slide, gold — traditionally a safe haven asset in times of turmoil — still has a key role to play in investors' portfolios as traditional correlations break down, according to Amundi Investment Institute.
Investors face a world in which the independence of...
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