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Gold’s schizophrenia: Pulled apart by commodity and safe haven status

Posted on 13 October 2011

Gold appears to have entered a new phase, acting as a hybrid, sometimes sympathizing with risk assets and other times acting like a safe haven, UBS’ Edel Tully explains. While this makes it incredibly difficult to trade the yellow metal, the gold strategist remains bullish.
After falling about $20 on Tuesday in response to a stronger dollar, gold recovered its footing on Tuesday, hitting $1,693.90 an ounce, its highest level in two weeks……………………………………….Full Article: Source


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