05.10.2011 - Gold falls on pessimism that rally can last
Gold fell Tuesday as traders begin to doubt that prices can stay near the high they reached this summer. Credit Suisse analyst Ric Deverell released a report Tuesday saying commodities market has entered a "dangerous new phase." Deverell said this summer's rally in gold seems to have been overheated. Gold has been overlooked as an investment in part because more traders want park their money in U.S. Treasury securities, which many consider as safe as gold and easier to cash in when needed, he wrote. The popularity of Treasurys took the wind out of gold's rally this month, Deverell said..............................................Full Article: Source
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