Commodity Blog |
| Bailout for Cyprus Reduces Haven Demand, Gold Falters Posted: 25 Mar 2013 01:23 PM PDT Gold fell today after Cyprus reached a bailout agreement with the European Union. Such deal reduced demand for the precious metal as a safe haven. Gold was rising last week amid fears of a financial crisis in the European nation. The country is small, but important nevertheless because of its banking system, which attracts capital from all over the world. Markets were rejoicing after the news and riskier assets, including [...] |
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