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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold prices end eight-day streak of declines

Posted on 06 March 2009

From IHT: Gold prices rose Thursday, ending an eight-day losing streak, as Wall Street resumed its slide after a short-lived burst of optimism. Energy and agriculture futures fell.

Investors scooped up the precious metal in a flight to safety as stocks tanked across the board. Gold is often used as a safe-haven investment in times of economic uncertainty. Recently, however, prices had weakened along with stocks as investors liquidated positions in a variety of investments and moved to the sidelines…… Full Article: Source


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