Gold Driven by Emerging Market, Not Central Banks: GMO

Gold has not been performing well in recent days. The commodity saw its greatest two day fall in thirty years on Friday and Monday. Some investors, including some hedge funds, are reaping great rewards from the shift, but many investors have seen holdings shed large amounts of value. The lesson, described in a report from GMO is that a change is needed in the way we think about gold as an investment.

Here at Valuewalk, we’ve been warning about the risks of the drive toward gold for some time....