Gold Glittes as Safe-Haven Buying Continues
BonTradeGold advances despite broad-based pullbacks in the commodity sector. The benchmark contract surges to 1190, a step closer to re-test December's record high, in European session as safe-haven buying continues. In fact, the yellow metal has achieved new highs against a number of currencies including EUR, GBP, CHF and JPY. In our opinion, as long as worries over sovereign crisis in the Eurozone persist, it's likely for gold to mark a new high in USD-terms.
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Gold Glittes as Safe-Haven Buying Continues
