The technicals are looking down, but the fundamentals have hormones," said Julian Phillips, an analyst at GoldForecaster.com.
From CBS Market Watch:
"Gold futures closed out last week with a 1% gain, prompting some traders to take profits, but fresh violence in Iraq and the recent bombing at an oil refinery in Saudi Arabia -- among other things -- continue to boost the metal's safe-haven status. "
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7BE50DD819%2D8526%2D4DE1%2D8915%2D2E98280178BA%7D&dist=newsfinder&siteid=mktw&link=&keyword=gold
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