Why gold may be losing its shine

While there will always be deviations, trends indicate the end of gold as a safe-haven hedge against stock price falls.

The price of gold reached a historic high in April and remains close to that value. Conventional investing wisdom puts gold as a “safe-haven” asset–one that investors move towards in times of crises as they desert higher-risk assets such as stocks. But in August, the S&P 500 stock index also hit a record high and, like gold, it too remains close to this value.