Gold continues to hover around the $1,200 level these past couple weeks on fears over Greece and its ability to satisfy its creditors.
As we enter the final two days for 2014 trading we find the price of gold gaining some strength as it continues its tough-a-war between safe haven and U.S. dollar.
Concerns over the viability of Portugal’s largest banks, Banco Banco Espirito Santo, Popolare and Unicredit have sent market participants once again to the safety of gold. As result gold future hit 3 months highs in today’s session.
Shares Outstanding of the gold trust sink to fresh Lows.
Yesterday, we took a look at how gold was trading after the World Gold Council’s Gold Demand Trend report was released ahead of the Federal Reserve minutes release at 2pm today.