Some commentators believe the current optimism in markets should prove to be short-lived and investors are likely to return to safe-haven assets imminent
Author: Ben TraynorPosted: Thursday , 08 Sep 2011 LONDON (BULLIONVAULT) -
U.S. DOLLAR gold bullion prices rose to $1853 an ounce Thursday morning London time - 3.5% down on Tuesday's all-time high.
Major commodities fell while stocks and government bonds were slightly up, on a day which saw both the European Central Bank and the Bank of England leave monetary policy unchanged.
"Gold continues to trade in a wider and more volatile range," noted one London-based dealer this morning.
"Most sell orders are parked close to the $1900 level," added a gold bullion dealer in Singapore.
"So long as we stay in the range of $1800 to $1900, the bullish trend is pretty much intact." ........
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