| Goldman Sachs has maintained its bearish view on gold despite the metal’s recent rally alongside other commodities, it said. Gold climbed to its highest in 13 months last week – the yellow metal has been in demand as a safe-haven asset, supported by turbulence in financial markets since the start of the year, the broker said in a note on Tuesday.
This flight to safety pushed the metal into official bull territory, which is defined as a 20-percent move from its recent low. The price has also been boosted by an uninspiring dollar – the dollar index was last lower at 97.03...............................................Full Article: Source
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