Gold bulls say broader rally is intact despite investors' dash for cash

From miningweekly.com

Gold's appeal as it draws support from the widening conflict in the Middle East is expected to remain intact even if some investors have favoured the dollar as their preferred safe haven, traders and analysts said. They added that a sharp fall in gold prices on Tuesday was likely to draw in buyers. A flight to safety lifted the dollar index  =USD  by 0.5% on Tuesday, taking it to a more than three-month peak, as traders reassessed prospects for interest-rate cuts by global central banks - particularly in oil-importing countries that face a renewed surge in energy prices. Gold, typically viewed as a safe haven during ... (full story)