Italy’s lower house of Parliament passed a debt-cutting budget bill Saturday, and Prime Minister Silvio Berlusconi is set to resign soon, according to media reports.
Gold’s spectacular, decade-long run, coupled with the sovereign-debt crisis in Europe, an uncertain outlook for the U.S. dollar, and concern of a worldwide recession, has tapped a new vein of gold investors in their 20s and 30s.
There’s no doubt that gold is perceived as a safe haven, but opportunity in gold-mining shares may be transforming into one of the best means of escape from the economic and financial chaos investors find themselves in today, writes Myra Saefong.
Investors will keep their focus on developments in the euro zone next week, with Italy set to unveil an interim government and the euro-area GDP and inflation data on tap, but earnings from tech bellwether Dell Inc. and U.S. retail sales and inflation figures may offer distractions.
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