by James Moore The Bullion Desk London, 09 October 2008 - Sentiment remained extremely volatile in the financial markets yesterday as Finance Ministers continued to battle against the credit crisis, however gold remained in a bullish mood as safe-haven demand flocked to the market, with gold setting all-time records in Sterling, Euro’s, Swiss Francs, Australian Dollars and Indian Rupees. Holdings in the SPDR gold ETF also reached a record 763.9-tonnes as safe-haven demand emerged. Reflecting the global effect of the crisis the Central Banks of England, Canada & Sweden as well as he ECB and US Federal Reserve announced a coordinated 50-bp cut in order to bolster market liquidity. EUR/USD traded 1.3544-3753 and closed at 1.3646, with US economic data today showing Jobless Claims for the week of October 4th and August Wholesale...
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