Brussels attacks underpin gold on safe haven demand

22 March 2016, 16:20
Francis Dogbe
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News of the explosions in Brussels has unnerved investors today with the major European indices all trading lower and safe haven gold higher, though both assets are off their daily extremes. Indeed, the precious metal has so far only found moderate support from this source. It would require a more significant sell-off in the stock markets to materially damage sentiment and therefore prop up the metal. Given that this is a shortened trading week and there are not many significant US economic data scheduled in the coming days, we may not see ... READ MORE
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