“Gold found safe haven buying from investors on falling global equity markets,” Gnanasekar Thiagarajan, Director, Commtrendz Research, said in a Business Standard article. “Crude (oil) has fundamental reasons to move up on supply fear from Iraq. While the sentiment will remain elevated in crude oil, gold will relatively calm down faster than crude.”
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Max Chen contributed to this article.
Full disclosure: Tom Lydon’s clients own shares of GLD.