Gold Recovers Further as Reduced Safe-Haven Demand
BonTradeGold's recovery extended further overnight but momentum was so far weak. Safe-haven demand reduced mildly after successful Portugal bond auction yesterday. Focus will turn to ECB meeting today, as well as Spain's auction of EUR 2-3b in five-year bonds. Lots of questions would likely be asked about the ongoing sovereign debt crisis in peripheral countries and the ECB's tendency to purchase more debts. After all, Eurozone debt woes will remain a main theme of the markets and the developments will continue to affect risk appetite/aversion and the developments in gold.
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Gold Recovers Further as Reduced Safe-Haven Demand
