PRESS ROOM
Investors turning to gold for liquidity
Monday 16th March '20
The price of gold, a safe-haven asset, fell below US$1500/oz on Monday 16 March as investors sold the precious metal for liquidity last week to cover their losses in equity markets. Something similar happened during the global financial crisis when gold prices initially fell in October 2008 alongside equities. By November 2008, the gold price started an upward rally, that ultimately saw it rise 170% by August 2011.