Gold Approaches 1900 as Safe Haven Demand Soars
SylviaHunt30Gold approached 1900 in European session (intraday high at 1898.6) as sovereign crisis in the Eurozone persisted. German Chancellor Angela Merkel once again resisted joint issuance of Eurobonds as a means to resolve debt problems in the region. She and her government retained the view that reducing fiscal deficits in debt-ridden countries remained the most important in the current situation. Stocks, however, advanced as the drop in Brent crude prices might help alleviate inflation pressures and economic slowdown.
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Gold Approaches 1900 as Safe Haven Demand Soars
