Gold's status as a safe haven is looking shaky,the WSJ
reports. Investors often have rushed to
gold during flare-ups in the European crisis. But as they weigh Greece's future
in the euro zone and fret about Spain's credit-market woes, fewer investors are
seeking out the precious metal.
As of Tuesday, prices were down 7% this month, falling 1.3%
to settle at $1,548.60 per troy ounce, leaving gold down 1.1% for the year. The
market continued to sell off on Wednesday; the most actively traded contract,
gold for August delivery on the Comex division of the New York Mercantile
Exchange, was down 1% ….
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