Gold and Global Equities

: Instead of a rally, futures in New York fell for four straight sessions even as global equities plunged to a two-year low, according to Bloomberg. Rather than providing a refuge from the meltdown, gold volatility rose right along with a measure of equity turbulence, diminishing its appeal as a haven. They were wrong. As stocks started to recover, the metal kept falling because of reports that signaled gains for the U.S. economy. More than $52 billion has been wiped from the value of physical bullion funds since then. It been a tough two years for investors in gold, which first fell into a bear market in April 2013. (news.financializer.com). As reported in the news.