Gold futures have reached a plateau close to the peak they jumped to on September 17, after the collapse of Lehman Brothers and the bailout of American International Group.
The metal’s traditional role as a safe haven in troubled times is keeping the price high, even though it has eased a fraction from the two day peak in mid-September. At the same time, the high price is cooling demand from the jewellery trade, especially in India.
Gold screamed...