Gold's reputation as the world's premier safe haven commodity could be in doubt.
The precious metal has lost 22 percent of its value since the start of the year and is 33 percent lower than its peak value, which was reached just over two years ago.
Gold is now trading at roughly $1,316 (£817) per ounce, with markets such as the Dow Jones performing so well that investors no longer see it as a safe bet for their money.
Volatility
One of the issues the precious metal is now facing is that its value can be "volatile" in the short term, according to a report by FT Adviser. Adrian Lowcock, senior investment manager at Hargreaves Lansdown, explained gold is typically a good bet long term, but this is not always the case for a shorter period of time.
Gold prices gained briefly last week on the back of stimulus comments made by incoming Federal Reserve chairman Janet Yellen, who revealed the current US monetary policy is expected to remain in place for some time yet.
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Gold Down 22% This Year
Published 11/18/2013, 01:22 PM
Updated 01/01/2017, 02:20 AM
Gold Down 22% This Year
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