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Gold asserts haven status, may rise further

Posted on 28 February 2011

From Thehindubusinessline.com: Uncertainty following the ongoing political turmoil in the MENA (Middle East North Africa) region has resulted in volatile and choppy conditions across global commodity markets in recent days. Developments in Libya are being closely monitored.
To be sure, oil prices have moved up sharply over the week. Similarly, gold and silver have extended their gains because of their safe haven status. However, base metals and agricultural markets have come under pressure from the prevailing environment of risk aversion……………………………………….Full Article: Source


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