FXstreet.com (Barcelona) – Bullion petered out on Monday to hit a fresh 2-week low at $1,123.50 mark. Pessimism through European morning hours sank the precious metal more than $10 as the “drifting south effects” on Goldman Sachs being accused of fraud was tough to thwart.
After touching lows, gold price picked up to the upside as many pips as previously lost to settle back up at $1,135.00 zone (current pricing). The necessity to stick with safe haven assets produced a positive upward reaction for the metal.
Other metals also mirrored the late bullish run on gold to end higher. Silver rose 11c. to close at 17.72. Copper climbed to 3.5225. Meanwhile, platinum inched up to 1,701.4.
