Gold extends gain to 1226 in European session as investors’ concerns on global economic slowdown intensified after Japan’s GDP growth in 2Q10 missed expectations. Market sentiment turns bearish and demand for risky assets diminishes. Although WTI crude oil rebounds after plummeting to as low as 75.05, price continues to trade below 76 and downside risks remain high.
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Gold Surges as Investors Seek Safe-Haven Assets
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