Both Bitcoin and Gold Fail to Act as Safe Havens, Robin Brooks Says – U.Today
Growing correlation Retail inflows Prominent economist Robin Brooks has stated that gold has lost its status as a safe-haven asset. The lustrous metal is now trading as a pro-cyclical, high-beta asset that mirrors the behavior of risk markets like Bitcoin and the S&P 500. According to Brooks, the traditional days of gold remaining uncorrelated with swings...
What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Angry
0
Sad
0
Wow
0
