Reputation of gold as safe haven asset has been spoiled a little bit recently, Bloomberg informs.

Despite a whole bunch of factors that could cause increase in price of this precious metal, including panic in Italy, world shares slump due to revival of trade disputes and revision of US rate hikes outlook, cost of gold is still near this year’s low.

Yellow metal did not show any progress in 2018 so far and is ready to show monthly losses again, despite of risk aversion that governs the market. The reason is in growing attractiveness of US Treasuries and dollar growth, experts think.

Spot price of gold that reached this year’ record low level $1282,18 last week, on Wednesday was about $1300. At the same time, Bloomberg Dollar Spot Index is close to its highest level since November.

However, investors do not give up on gold since there are rising amount of geopolitical risks threatening the markets.