Necklaces on display at a gold shop in Bangkok’s Chinatown. Gold prices retreated recently as concerns over a crisis in the banking sector subsided, prompting investors to scale back safe-haven trades in favour of riskier assets. (Bangkok Post file photo)
Investors have been keeping an eye on assets offering a decent return this year amid global market volatility and an economic slowdown.
The volatility is primarily driven by rising interest rates, high inflation and the recent banking turmoil in the US and Europe.
Gold, normally perceived as a safe-haven asset during recessions or periods of uncertainty, is used by some investors as a hedge against inflation. When inflation is high, investors tend to flee from fiat currencies…
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