GOLD attempted to retest the recent record high at 1265 but stalled at 1262 due weakening strength. Last Thursday, the metal tumbled to 1196, the most since February on signs that Europe’s financial industry may recover, thus curbing demand for the yellow metal as a safe haven.
Gold rebounded last Friday as buyers perceived the sell-down was overdone. On the hind side, global investors are still considering gold as a safe haven whenever the economic fundamentals in Europe and the US turn jittery.
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