The gold prices finished on a good note
The gold prices finished on a good note as uncertainty about currencies and debt-laden Greece lured investors to the metal as a safe haven. Analysts said: "Gold will keep taking cues from currency markets, driven by Greece and other possible sovereign debt downgrades."
Adam Klopfenstein, senior market strategist at MF Global's Lind-Waldock unit said: "With more questions on Greece's debt, people want to be in a hard currency now. Even though the dollar has been a refuge of late, at some point people are starting to feel that the euro has come down more than it should be. People want to have their money in a metal such as gold."
Gold for June delivery was at $1,153.70 an ounce on the Comex division of the New York Mercantile Exchange.
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