10.12.2014 - Gold Sees Safe-Haven Demand as World Stock Markets Sell Off
Gold prices are solidly higher and have pushed well above the $1,200.00 level in early U.S. trading Tuesday. Safe-haven demand, short covering and bargain hunting are featured in the yellow metal. It’s a “risk-off” day in the market place Tuesday. World stock markets were under pressure overnight, led by sharp declines in Asian shares, and the U.S. stock indexes are also lower in early dealings. February Comex gold was last up $22.00 at $1,216.00 an ounce. Spot gold was last up $13.30 at $1,218.00. March Comex silver last traded up $0.429 at $16.705 an ounce...............................................Full Article: Source
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