Investors View Gold as Low Risk Asset Again as It Nears 16 Month High

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Gold's recent behaviour suggests investors once again view bullion as a low-risk asset, analysts say.

Gold hovered within sight of a 16-month high yesterday, while industrial metals and mining shares were steady and oil prices slipped ahead of a key OPEC meeting.

Gold's recent behaviour suggests investors once again view bullion as a low-risk asset, analysts say.

The precious metal's status as an asset to hold in times of economic uncertainty was questioned when it, like equities and other commodities, was caught in the global credit crunch triggered by the collapse of the U.S. high-risk home loans sector. But since then, it has rebounded.

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