#Gold presents investors with a quandary

#Gold presents investors with a quandary


By Lucy Warwick-Ching

FT




©Bloomberg

Gold has lost some of its attraction as a haven for investors following a 25 per cent price drop since the start of the year, taking it to its lowest level in three years.

"Its fall has been a remarkable and painful drop for investors seeking financial protection," says Adrian Ash, head of research at BullionVault.com. "In the past 45 years we have only had three occasions when gold prices fell harder – in summer 1974, spring 1980 and early 1981."









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