| From Resourceinvestor.com: Gold moved notably higher on Wednesday, advancing $9.40, or 0.76%. With evidence of a potential double dip in the US mounting, traders are piling into the safe haven metal. This is the perfect environment for gold: rising gold ETF holdings and a gradual decline in other assets due to economic concerns.
Were panic to affect the financial markets leading to a steep decline, gold would probably be swept lower in the tide, as traders raise cash by selling the strong performing asset..............................................Full Article: Source |