29.08.2011 - Time to quit the gold party?
Gold's thunderous bull run came to an abrupt halt on Wednesday, raising questions about whether the precious metal is really the safe haven that investors believe it to be. The price of gold had been rising sharply the amid global economic uncertainty triggered by the debt crises in Europe and America. Bullion reached a new high of $1,886.50 (£1,139) in London on Tuesday. But better-than-expected economic data and some profit taking saw $170 wiped off its value in a little over 48 hours. By the close of play on Friday, gold had recovered to $1,788..............................................Full Article: Source
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