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Gold glitters

Gold glitters
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First Published: Fri, Aug 05 2011. 11 59 AM IST

Updated: Fri, Aug 05 2011. 11 59 AM IST
In times of panic selling, money usually flows towards the safe havens of gold and US treasuries. Gold is in the 11th year of a rally and with the panic selling in equities is only likely to rise further, say analysts. The latest is Morgan Stanley that has raised its price forecast for both gold and silver, citing European Debt contagion.
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First Published: Fri, Aug 05 2011. 11 59 AM IST
More Topics: Markets Update | Commodity | Gold | Bullion | Dollar |