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The end of the US Federal Reserve emergency cash is unlikely to derail gold's 10-year rally, but the precious metal might face a rockier road as the cheap money that had fueled its ascent dries up, at least for now.
Fund managers have cited the threat of deflation and slower growth in the US, a resurgent dollar and gold's overvaluation as just a few reasons why precious metal's performance as a safe haven is unclear.
In the past, its value tended to rise in times of economic crisis.
Since the global economic downturn, however, gold has benefited from a string of stimulus measures by central banks attempting to boost growth.
Text: Reuters
Images: AP/Reuters
