Gold's status as a safe haven looks shaky as the metal tumbles below $1,550, hit by demand for...

|By:, SA News Editor

Gold's status as a safe haven looks shaky as the metal tumbles below $1,550, hit by demand for U.S. Treasurys and the rising dollar. It's also hitting miners' capex plans, as investors demand spending discipline and returns of capital rather than ambitious growth plans. “It is difficult to emphasize enough how much the world has changed for the miners in the last 18 months."