| 19.02.2009 - Gold hits 7-mth high as haven demand spurs ETF buying |
| From Reuters: Gold firmed to a fresh seven month high in Europe on Wednesday as investors spooked by the outlook for the financial system bought gold and bullion-backed exchange-traded funds as a safe store of value. Holdings of the world's largest gold-backed ETF, the SPDR Gold Trust, leapt to a record high above 1,000 tonnes on Tuesday as fears of a deepening global recession and the prospect of inflation fuelled buying..... Full Article: Source |