March 19, 2013 at 11:01 AM EDT
Gold ETFs Rally as Cypriot Deposit Scheme Rattles Investors
News over the weekend that Cypriot bank depositors could face levies totaling EUR5.8Bbn as part of the bank bailout agreement rattled investors and led to a sharp rally in defensive assets. Investors’ fear that such policy could be replicated elsewhere in Europe’s troubled banking...
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