Gold's run as the year’s easiest safe-haven trade has slowed. After a strong rally earlier this year, the yellow metal has corrected from its highs. Gold ETFs have seen some outflows, the dollar has stayed firm, and investors who bought near the top are now wondering whether the asset is still doing the job it is expected to do in a volatile market.
Analysts say the answer is not that gold has stopped being a safe haven. The rally had simply become too sharp.
