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Gold's Safe-Haven Status is Restored
- Gold's Safe-Haven Status is Restored
- October 26, 2011
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Continued uncertainty in Europe should bode well for gold market.
MIAMI, FL - Those investors who held firm, refusing to panic as gold prices dropped and then hovered in the low $1600s, will no doubt be congratulating themselves on their restraint today as prices head back within reach of $1700. A word of caution may be called for however. If we have seen anything in the last few months it has been a pattern of volatility and we should all realize by now that the situation can change in a heartbeat.
Today's strong recovery results from renewed fears over d...
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