will it pay to hold gold
Gold has plummeted to $1406/oz but commentators are torn on the reason behind the fall, with the situation in Cyprus, investor confidence, and its failure as a safe haven all cited as possible causes.
Cyprus
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downward pressure to continue on euro equities
Spreads on corporate and peripheral credits are likely to continue to widen, putting further downward pressure on European equities, the latest European Review from S&P Capital IQ Equity Research projects.
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Small depositors saved in Cyprus bailout
Cyprus may have so far avoided a ‘disasterous exit from the eurozone’, but commentators warn that its economy will shrink rapidly as offshore banking, its main industry is effectively shut down following a bailout deal worth 10bn.
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pa analysis cyprus investing not saving
The backing of the European Commission, its Central Bank and the IMF for a one-off levy on Cyprus-held bank accounts points to a dangerous precedent of not protecting individuals' savings – so what hope for investors?