Gold has done its job providing investors with liquidity in times of uncertainty – Standard Chartered’s Cooper

By Neils Christensen – Kitco News

Investors may be disappointed with gold’s recent price action, as it has just ended its longest consecutive losing streak in history; however, one market analyst said that the precious metal has actually continued to do its job as a safe-haven asset throughout the decline.

In her latest precious metals report, Suki Cooper, Global Head of Commodities Research at Standard Chartered Bank, said that gold has provided investors with important liquidity as the U.S.-Israel war with Iran has created significant global supply chain issues, distressing financial markets. At the same time, the chaos in the Middle East is driving energy prices higher, igniting new inflation fears.