Gold Plays Best Defense Against Share Slump in Four Years: Chart

Agnico Eagle CEO: Gold Is Making a Comeback as a Reserve

Gold reaffirmed its appeal as a haven, with the metal’s inverse relationship to global stocks the strongest in more than four years. Its correlation to the MSCI All World Country Index over 30 days registered -0.487, the largest negative reading since 2011. A measure of -1 indicates the two values move in opposition to each other all the time. “Gold is really coming into its own as a haven asset,” said Jens Pedersen, a Danske Bank A/S analyst in Copenhagen.

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