Tuesday/ Wednesday are days the World came under a barrage of not so benign news... worried investors in a flight to quality seemed to get back to gold...Chinese came back again after a holiday to buy their precious metal...A parallel run by risk averse investors rushed once more into gold. So the old grandma's favorite was lustrous again thanks to haunting fears of a slowdown. Will it hold? Unlikely- as there is some correlation between oil and gold... both move in tandem. So as oil looks dull, gold may have to gather some dust. But for today and until the fear wanes off, gold looks good.
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