Gold Falls as Safe Haven Trade Weakens

Precious Metals Weekly (05/04/2009)
"Gold fell 2.9% last week to $886.55, as the safe haven trade weakened somewhat on a decline in credit risk and positive sentiment on the global economic outlook. The Commitment of Traders speculative net long positions (reported based on last Tuesday's closing figures) increased 5.1% to 140,132 contracts up from 133,364 the week previous. Meanwhile, the SPDR gold trust holdings remained unchanged at 1,104.45 tons."

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