CX Daily: Precious Metal Volatility Puts the ‘Safe Haven’ Trade on Trial
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Cover Story: Precious Metal Volatility Puts the ‘Safe Haven’ Trade on Trial
“First, they killed the shorts, then they killed the longs and then they killed the shorts again.”
That is how one Chinese mutual fund manager described the recent roller-coaster ride in precious metals — a period of violent swings that has left speculators bruised and industries rattled, forcing a reassessment of gold’s place in the global financial system.
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