Monday, November 11, 2013

Gold is no longer investor’s safest heaven

The Precious Metal is losing its position as the safest investment for risk adverse investors since the eight months best Non-Farm Payroll figures released on Friday, so traders re-trusted U.S. dollar as lower risk than the last three months.

Back to the shiny metal which holds the same bearish trend this week breaking three weeks low at $1281 per ounce reaching $1278.90 per ounce as four weeks low during the early morning trades with more than 30 weeks low trading volume.

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