Gold is spiking on “renewed” worries about the state of the global financial system – err, about time?
From Reuters:
LONDON, Nov 24 (Reuters) – Gold gained more than 3 percent on Monday as investors, worried about the state of the global financial system, jumped into quality investments. Spot gold rose to $825.20 an ounce, touching its highest level since Nov 16 and was at $818.5/$811 an ounce at 1512 GMT from $799.45 on Friday.
Today’s gold spike:
Lets face it, worries about the state of the global financial system just weren’t there a few weeks ago – none at all, not even in emerging markets, banks, automakers, retailers, insurers, shipping, oil prices ….
Related links:
Golden record for gold - FT Alphaville
Gold at $53,000 an ounce – FT Alphaville
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