Gold In Euros Continues To Outperform In U.S. Dollars
Tuesday January 15, 2015 8:45 AM
Demand for gold in Europe remains strong as investors look for safe-haven assets. Analysts note that gold is becoming an attractive investment in the eurozone as government bonds yields are now in negative territory, meaning investors are actually paying the government to hold bonds. Gold/EUR spot price last traded at slightly above a key level of €1,051.03, up €8.95 or 0.86% on the day. In comparison, U.S. spot gold price is at $1,237.22 an ounce, up $4.02 or 0.33% on the day.
By Neils Christensen of Kitco News nchristensen@kitco.com |