30.05.2012 - Gold investors rush for the exits
Gold's status as a safe haven is looking shaky. Investors often have rushed to gold during flare-ups in the European crisis. But as they weigh Greece's future in the euro zone and fret about Spain's credit-market woes, fewer investors are seeking out the precious metal. Prices are down 7% this month, and fell 1.3% Tuesday to settle at $1,548.60 per troy ounce, leaving gold down 1.1% for the year. Bullion hasn't been in negative territory this late in the year since 2008, when investors were liquidating assets and scrambling for refuge...............................................Full Article: Source
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