BIS points to ‘structural transformations’ in markets
Quarterly review cites higher volatility and gold losing its status as a safe haven asset
The Bank for International Settlements’ quarterly review, published today (December 8) finds market exuberance amid corporate bankruptcies, and gold losing its ‘safe haven’ status as its surging price correlates with that of equities.
Hyun Song Shin, who leads economic work at the BIS, told a press conference on December 6: “What we definitely can say quite safely is that there have been some very important structural changes in the financial markets.”
The report, which covers the period from
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