Gold prices fell as much as 1.1 percent on Wednesday, tracking the euro lower on fears the euro zone debt crisis could spread to France, the bloc\'s second-largest economy, while Greece and Italy battle to save their economies.
People favour gold during economic and political turmoil because of its safe haven allure, although bullion has moved in close correlation with riskier assets recently, as harried investors liquidate gold positions to cover losses elsewhere.
People favour gold during economic and political turmoil because of its safe haven allure, although bullion has moved in close correlation with riskier assets recently, as harried investors liquidate gold positions to cover losses elsewhere.
No comments:
Post a Comment