Gold prices rallied in U.S. dollars and hit an all-time high in Euros -- a response to Moody’s downgrade of Portuguese government debt to junk last week -- amid concern that troubles in Italy and Greece will drive Euro down. Although gold prices have been high, the gold futures contracts have remained low, indicating that there is not yet a “gold rush."
“It would seem there is scope for futures investors to become more active in the market,” says Daniel Wills, senior analyst, and Nicholas Brooks, Head of Research and Investment Strategy, at ETF Securities, in Monday's issue of Precious Metals Weekly.
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