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Email this article: Gold not trading like a safe haven asset, says Emirates NBD Precious Metals report
Posted: Sun June 10, 2012 10:16 pm
UAE. Gold does not trade and act like a safe haven asset at all, it moves and acts like other asset classes with a sharply increased volatility, says Gerhard Schubert.
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UAE. An advisory body to the UAE government has suggested that the central bank review the country's currency peg to the U.S. dollar, but local bankers said any change to the peg remained very unlikely for the foreseeable future.
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