Home | November 2011News | Need for a Safe Haven and the Need for Cash says Pan American Metals of Miami |
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Need for a Safe Haven and the Need for Cash says Pan American Metals of Miami
- Need for a Safe Haven and the Need for Cash says Pan American Metals of Miami
- November 16, 2011
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Safe-haven demand is countered by selling off.
MIAMI, FL - Gold prices are being pushed in two directions at once, caught between the opposing forces of safe-haven demand and the need or desire to raise cash. The situation is further complicated by bargain hunters buying the recent dip and a stronger dollar.
The ongoing concerns in Europe, as two countries struggle to solve their crippling debt issues with interim or emergency governments, are strengthening demand for both the dollar and gold as safe havens. When considering the dollar, ...
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