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RULiquid

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RULiquid

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Monday, 08/11/2014 9:26:24 AM

Monday, August 11, 2014 9:26:24 AM

Post# of 640571
Gold holds ground as equities power higher
NEW YORK (MarketWatch) — Gold futures held their ground Monday, ignoring a rise in equities as investors continued to watch developments in Ukraine and the Middle East.

Gold for December delivery (CNS:GCZ4) slipped $1, or 0.1%, to $1,310 an ounce as it straddled the unchanged line, while September silver (CNS:SIU4) gained nearly 5 cents, or 0.2%, to $19.99 an ounce.

“Interestingly, while the yen has unwound, other safe-haven assets such as gold haven’t seen much movement at all,” said Stan Shamu, market strategist at IG Markets in Melbourne. “Perhaps this highlights the degree of cautiousness investors are still exercising at the moment.” http://www.marketwatch.com/story/gold-holds-ground-as-equities-power-higher-2014-08-11

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