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Gold Sustains New Year Rally says Pan American Metals of Miami
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Veröffentlicht von
donald hood
Gold Sustains New Year Rally says Pan American Metals of Miami
(1888PressRelease) Gold remains above $1600 as bargain hunters rush in.
(1888PressRelease) MIAMI, FL - Gold managed to sustain its New Year rally; gaining
further,...
[Mehr]
Gold Sustains New Year Rally says Pan American Metals of Miami
(1888PressRelease) Gold remains above $1600 as bargain hunters rush in.
(1888PressRelease) MIAMI, FL - Gold managed to sustain its New Year rally; gaining
further, Wednesday, as some profit taking seems to have been countered by bargain
buying.
Skeptics who may have been worried that gold would not rebound in what has
been a volatile market may now be in a rush to buy before prices rise any more.
Opening
the day around $1600, gold was asking $1613 at the time of writing with silver at $29.
43.
The precious metals market is also being given a boost by rising oil prices; fears of military
activity in the Persian Gulf have not abated and the effects of sanctions or attempts by Iran
to close the Strait of Hormuz are very real.
Gold will likely benefit from any escalation in
this crisis, albeit this would be potentially devastating in terms of international relations.
"Gold is regaining its position as a safe haven in time
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