"Gold Surges To 1-Year High On Financial Uncertainty Fears"
LONDON (Reuters) - Gold surged more than 4 percent on Thursday to its highest in a year as fears about financial uncertainty, a lower dollar and U.S. Treasury yields persuaded investors to seek refuge in the precious metal.
Traders said financial instability fears were fueled by European bank shares slumping to multi-year lows, with concerns mounting over banks' profitability in a low-growth and low-interest rate environment.
No comments:
Post a Comment