Investors leaving gold market to shore up other assets


Gold has previously been seen as a safe haven for investors but now the precious metal has hit a three-month low.

As some people rush to sell it to cover losses in other assets amid concern about Europe's debt crisis, the price has fallen by 2%.

In August 2011, gold hit a record price of $1890 (£1190) an ounce.

BBC Radio 5 live Wake Up To Money asked Martin Arnold, senior analyst at ETF Securities, what is causing the fluctuation in price.

To listen to other Radio 5 live interviews, please visit the Best Bits page.

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