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Precious-Safe-Haven Bids Buoy Gold As Oil Slides On Failure To Freeze Output

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Apr 18, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    Gold rose on Monday after oil producers failed to agree on an output freeze, sending crude prices and equities tumbling and stocking safe-haven demand for bullion. A deal to freeze oil output by OPEC and non-OPEC producers fell apart on Sunday after Saudi Arabia demanded that Iran join in despite[​IMG]

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