Risk Aversion Remains but is Waning
Dec 30th, 2008 | By Chuck Butler | Category: Financial NewsEuro gains, then loses, then gains… Inflation and Commodities… The euro turns 10! Risk Aversion remains but is waning… And Now… Today’s Pfennig!
Euro gains, then loses, then gains… Inflation and Commodities… The euro turns 10! Risk Aversion remains but is waning… And Now… Today’s Pfennig!
Gold fell to $915 in Hong Kong, but that would prove to be the low for the day, as it edged steadily higher to the mid-point of the NYMEX on Friday, nearly touching $929 before easing into a close on the Globex at $924.20/oz., up $3.80. For the week, gold added 2.5%.