24th May 2010. After last weeks down turn when gold slid 4.6 percent it has shown good signs of recovery in London today.
| Traders are expecting a good rebound this week. Investors may possibly be turning to gold bullion as a safe haven as the euro continues to weaken due to the Grease crises. The on going euro zone problems are still coursing uncertainty in the markets with last weeks gold slid been the most since February. | ![]() |
Regardless of last weeks price decline gold is still one of the few assets that have stayed on the positive side this year. The gold price remains up by 7.4% thus far in 2010 compared to the US stock markets which slid into negative last week.
Gold Sovereigns still remain a good long term secure investment and a safe haven with the global economic and the financial market looking increasingly unstable. More people than ever are beginning to realise that Gold Bullion is the only real stable currency left.
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