The Conversation (0)
Gold hit $1,610/oz in further gains on Monday to hit its highest since late February, with some investors drawn to the precious metal’s safe haven properties as a radical bailout package for Cyprus shook sentiment in the euro zone.
Gold hit $1,610/oz in further gains on Monday to hit its highest since late February, with some investors drawn to the precious metal’s safe haven properties as a radical bailout package for Cyprus rocke sentiment in the euro zone.
As quoted in market news:
Analysts remained cautious as the details of the bailout were still to be unveiled – euro zone finance ministers will hold a teleconference at 1830 GMT – while the market awaited a Cypriot parliament vote on the measure on Tuesday and worried that depositors elsewhere in the euro zone might face levies.
