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“The financial situation remains extremely fragile and gold seems to be the only safe haven,” said Ron Goodis, retail trading director at Equidex Brokerage Group Inc. in Closter, New Jersey. “Currencies are losing value and holders of currencies are losing confidence. Gold may break through $1,000 and not look back.”
Full article "Gold Tops $1,000, Highest Since March, as Global Equities Slide" by Nicholas Larkin and Pham-Duy Nguyen at
http://www.bloomberg.com/apps/news?pid=20601009&sid=ay4ll4paAj0M&refer=commodities
