Gold surge sees shift to speculative asset from haven, BIS says
Gold's gain was partly due to “trend-chasing investors” trying to take advantage of the “media hype”, according to the bank.
CHART: Interest rates vs gold price shows plenty upside
Gold was trading sideways on Wednesday around the $1,310 level, holding onto gains of nearly 9% this year. This year the price of gold has found some support from safe haven buying thanks to the political crises in Eastern Europe...
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