25 May 2010
Gold un-phased by fresh heavy selling of stocks.
Fresh wave of heavy selling on Tuesday morning this time leaves Gold untouched
A fresh wave of selling in European stock markets on Tuesday morning this time failed to dent the Gold price which at 11am was flat as compared to the FTSE, DAX, CAC which were down between 2.75% and 3.5%.
This is in stark contrast to last weeks sell off in stock markets that caused Gold, Silver and Platinum to be sucked down as traders scrambled for cash. Though whether this pattern holds as the US markets open remain to be seen at this time.
Meanwhile BullionSupermarket.com recorded a near record number of price comparisons yesterday as small physical buyers hunted for bargains on the back of recent falls in precious metal prices.