| From Theglobeandmail.com: Gold dropped 1 per cent Thursday, erasing early gains as fresh worries about a global recession prompted funds to ditch assets from gold to commodities and stocks.
“We seemed to be seeing a resumption of fund deleveraging. Gold has had a pattern recently – starting out the day on a firm note but as the day goes on the market weakens,” said Bill O'Neill, managing partner of New Jersey-based Logic Advisors. “Gold is just not attracting any of the flight to safety demand..... Full Article: Source
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