Financial Mail

Save haven


The gold price gained 4,7% last week to trade at its largest premium to platinum since April 2013. Gold regained the interest of investors as a safe-haven asset when the Swiss National Bank unexpected­ly announced its decision to allow the currency to float against the euro. The resultant currency swings and deepening negative deposit rates in the eurozone saw an uptick in risk aversion and uncertaint­y, pushing investors towards gold.

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