Risk aversion may be up, but gold is well underpinned. It looks to be taking on a duel role these days as both safe-haven for the canned-goods and ammunition crowd who are preparing for cataclysm as well as for the inflation-phobes. Is there anything gold can’t do?
We head into the weekend at $1150, an impressive performance indeed.
EUR/USD is whiling away the afternoon at 1.4860 after bouncing from the high 1.4830s. US equities are cutting their losses in late trade.
