Gold has finally responded to the falling equity markets rather than the volatility in the dollar at the start of this year, possibly reviving its role a safe haven asset. However, it is early days still and the lack of a more significant rally makes me wonder whether this latest rise will prove to be another ‘dead-cat’ bounce. Global stock markets have fallen sharply at the start of this year and although Wall Street staged a mini recovery late in the day on Monday, US index futures have turned lower once again, tracking the renewed selling pressure in Europe. No one seems to be too sure why the markets have dropped ... (full story)