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Commodities Briefing - Categorized | Bullion/Gold, Investment more

Gold: still the only serious safe haven

Posted on 27 February 2009

From Moneyweek.com: Talk about a gold rush. Last week the yellow metal jumped back above $1,000 an ounce – not far off last spring’s record of $1,033 – before slipping back on profit taking, raising its gains to 45% since October.

Gold usually moves inversely to the US dollar, but it has gained around 13% this year, despite the greenback rising by around 10% against the euro. What’s more, it has hit new records in a range of currencies, including pounds (£690), euros and Canadian and Australian dollars….. Full Article: Source


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VRS - who has written 42123 posts on Opalesque Commodities Briefing.


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