Guest Commentary: Is Gold Still Considered a Safe Haven Investment?

I recall that the last time gold sharply rose was back in August when the markets stirred up over the U.S. debt ceiling debacle which was followed by the Samp;P’s downgrade of U.S.’s credit rating. Back then gold price reached a record high of nearly $1,900 the U.S. treasuries yields also fell precipitately as the anxiety level in the markets rose, traders became risk averse, American stock markets plummeted and the demand for safe haven investments was high. Now the demand for U.S. treasuries is high, the American stock markets are falling again, but gold is also falling. Is gold still considered a safe haven investment among traders? br/