As it was informed by "Market Leader (US)"
Gold and Silver: Prospects for 2012
In advance of New Year numerous analysts are trying to look into the near future. UBS thinks that the Swiss Franc and gold will lose their status of “safe haven” assets in 2012, unlike the US Dollar, US and Japanese T-bonds. The reasons include rather volatile gold and the SNB’s currency intervention. The volatility of gold has reached its highest level since 2009.Other banks are reducing the share of gold in their investment portfolios. In particular, HSBC have reduced its investments in gold from 15% down to 6% of the capital.