Investors play safe, park funds in gold
Thursday, January 29, 2009 : PermalinkEconomic Times - Gold, the traditional safe haven in times of economic turmoil, proved to be more a commodity that everyone loved to hate last year even amid the turbulence that engulfed world markets.
But as 2009 gets under way the yellow metal has found huge traction with money managers. In the last eight sessions, gold has rallied as much as $100 an ounce to hit a near four-month high of $915.30 on Monday — in spite of a rising dollar.
Tags: commodity, economic turmoil, economic-times, gold, mdash, money-managers, ounce, safe haven, sessions, spite, traction, turbulence, world markets
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