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Gold: A Currency, Not Commodity

Tue 31 May 11 | 03:40 AM ET
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Gold: A Currency, Not Commodity

Tue 31 May 11 | 03:40 AM ET
"We need to look at gold as something different than normal commodities which are really profiting from the scarcity (of) the supply and demand," Eugen Weinberg, senior commodity analyst at Commerzbank, told CNBC. "We need to look at the gold as a currency, and the currency is being driven by the developments in Europe."

Topics:

Commodities  | Currencies  | Commodities  | Currencies  | Economy (U.S.)  | Europe (West)  | Industrial Goods and Services  | OPEC Utilities

Sectors:

 | Basic Resources

Sectors:

 | Construction and Materials

Sectors:

 | Utilities
 
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