Trading is bound to be increasingly cautious," says a note from UBS, "with investors becoming more and more defensive".
Author: Adrian Ash
Posted: Wednesday , 11 Dec 2013
LONDON (BULLIONVAULT) -
ASIAN and London dealing was quiet in gold Wednesday morning, with prices holding $10 per below yesterday's sudden rise to 3-week highs above $1267.
Silver also slipped but held onto more of Tuesday's 3.2% gain to $20.45 per ounce.
Asian stock markets fell more than 1% meantime, but European shares ticked higher with commodities as major government bonds held flat. ...