Gold Might Test the Lows of Its One-Year Price Range
NEW YORK (TheStreet) -- Gold has long served as portfolio insurance against political and economic shocks.
Many investors stocked up on gold in the wake of the financial crisis of 2008, eventually driving it to an all-time high of $1,920.76 an ounce in September 2011. But the yellow metal later saw a decline of nearly 39%, falling to $1,180.26 in June 2013.
Does this mean that gold's strong run has ended and the yellow metal has lost its precious shine as a safe haven? The answer to this is not straightforward, and various factors play a role in answering this question.
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