#Gold is still a new haven in New York

Gold is a commodity that seems to be outperforming this week. Lower equities seem to keep providing a safe haven for gold. Low prices drove demand and more investors are looking to diversify away from equities and currencies. Many will be looking to the Fed for indications on further stimulus measures from the Central Bank. Due to many raised concerns on prolonged recession, many are using gold as an insurances against quantitative easing.

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