Gold climbed above $1,300 an ounce today for the first time since August as worries over the global economy and hopes of stimulus measures from the ECB fuelled safe-haven bids. After shunning gold for two years, investors are returning to the precious metal, boosting prices 4.7% just last week. The IMF and World Bank's weak global growth outlooks and SNB's abrupt removal of franc's euro cap last week are also prompting reasons to move into the commodity.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment