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Commodities Briefing - Categorized | Bullion/Gold more

For Asia, silver may be ‘the new gold’

Posted on 06 October 2011

Gold has risen for a fourth day as investors bargain-hunt and safe haven buyers continue to accumulate. The flight to cash trade seen recently, due to margin calls and sharp losses in other markets, appears to be over.
Gold’s resilience Monday and Tuesday, despite sharp falls in equity markets on deepening concerns of banking and sovereign contagion, is impressive. Physical bullion buyers remain focused on gold’s long-term fundamentals and its value as a safe haven asset……………………………………….Full Article: Source


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VRS - who has written 39041 posts on Opalesque Commodities Briefing.


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