10.11.2011 - Gold to average $2025 an ounce during very volatile 2012 - HSBC
Last week, this reporter asked the question, have investors revoked gold's safe haven status? And, in keeping with the volatility that has characterised the global political and economic spheres, the answer seems to change rather frequently. HSBC analyst, James Steel, speaking on Mineweb.com's Gold Weekly podcast, explained that "For a while, gold was trading more with risk instruments. That's to say that as risk came off and equity markets for example weakened, gold would decline. And when risk appetite increased and equity markets rallied, gold tended to rally as well."..............................................Full Article: Source
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