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Gold is ‘living up to safe haven reputation’

Posted on 09 November 2012

Spot market gold prices hovered just below $1,720 an ounce Thursday morning in London – 2.4% up on last week’s close – while stocks recovered some ground following losses yesterday, and the dollar ticked higher, as central banks in the UK and Europe left monetary policy unchanged.
Silver prices hovered close to $32 an ounce – 3.4% up on the week so far – while other commodities edged higher. US Treasury bond prices gained while those for UK and German government debt fell. “Gold is holding up well in the face of dollar strength,” says commodities strategist Walter de Wet at Standard Bank………………………………………..Full Article: Source

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VRS - who has written 38163 posts on Opalesque Commodities Briefing.


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