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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Bindare_Dundat on August 31, 2010, 05:38:17 PM

Title: Gold rises to two-month high above $1,250
Post by: Bindare_Dundat on August 31, 2010, 05:38:17 PM

(Reuters) - Gold rallied 1 percent to hit a two-month high on Tuesday, its biggest one-day gain in nearly three weeks, as investors kept piling into the safe-haven asset due to growing anxiety over the economic recovery.

Bullion surged more than 6 percent in August, its biggest monthly gain since November.

"The gold market has seen very strong alternative asset demand throughout the month of August. There is just a great level of uncertainty surrounding the economy going forward, and gold is continuing its role as the currency of choice," said Bill O'Neill, partner at New Jersey-based commodities firm LOGIC Advisors.

http://www.reuters.com/article/idUSTRE67F05920100831

Title: Re: Gold rises to two-month high above $1,250
Post by: 240 is Back on August 31, 2010, 06:27:18 PM

invest in tungsten, people.














wait, you already are :)