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Commodities Briefing - Categorized | Bullion/Gold, Investment more

Gold investors disheartened as volatility spikes

Posted on 31 October 2008

From Guardian: Investors who would normally seek a safe haven in gold in what is one of the worst financial crises in history are shunning the precious metal because of the market’s extreme volatility. But bullion prices have dropped so sharply that buying is active in the Asian physical market, and that could bode well for gold prices in the weeks ahead.

“There is absolutely no question that when you see these kind of ranges and volatility for gold, you are going to step aside because you can get very hurt,” said Bruce Dunn, vice president of trading at New Jersey-based Auramet Trading….. Full Article: Source


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