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 Italian Crisis Sends Gold Soaring on Safe-Haven Demand- Italian Crisis Sends Gold Soaring on Safe-Haven Demand
- November 09, 2011
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Continuing concerns over the European situation drove gold up close to $1800 again based on safe-haven demand.
MIAMI, FL - There seems to be no end in sight to the ongoing sovereign debt issues in Europe; no sooner has the Greek situation abated somewhat than we are faced with a new crisis in Italy. Since Italy's economy is larger than Greece's, it is the third largest in the EU, a bailout does not appear to be feasible.
Italian Prime Minister Silvio Berlusconi was unable to get a majority in a recent vote and faced strong pressure to step down; at the time of writing news reports are saying that he ...
- View more at: http://www.1888pressrelease.com/italian-crisis-sends-gold-soaring-on-safe-haven-demand-pr-349041.html
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