After topping $110 earlier in the week, GLD receded quickly and ended the week around $108 in cautious trading. An recent acceleration in Chinese inflation sparked worries that the country may tighten monetary policy to curb the trend. Gold In supply news, South Africa’s statistics service said the country’s gold output fell a full 18.2 percent year-on-year in January.
Archive for March, 2010
Shifting perceptions of gold as a safe haven
As interest rates pertaining to the currencies of the world’s largest economic zones have reached almost zero, the status of gold as a refuge when the global economy is in turmoil is beginning to change in the mind of many investors. It is now seen by some as a more risky investment to be considered in the same category as other commodities. Nevertheless there is no broad consensus which is making future price moves harder to predict.



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