Has Bullion lost its powers as a safe haven?
Gold prices settled slightly higher Wednesday, locking its second day in positive territory as the U.S. dollar and U.S. government bond yields both backed down, giving space for the precious metal to climb.
On a wider perspective, investors demand for Gold was down in the second quarter.
LBMA the London Bullion Market Association has been able to convince the European Union to ease the Gold requirements and plans to keep going for even lower levels, as a way to reduce costs for banks.
I personally think its bearish for gold.