Gold futures headed higher By Myra P. Saefong, MarketWatch
Last Update: 10:24 AM ET Sep 13, 2006
SAN FRANCISCO (MarketWatch) -- Gold futures headed higher Wednesday as traders regarded a five-session retreat of 8% as opportunity to step in and buy the precious metal.
"While some are calling the current correction the end of gold's bull run, little has changed in the longer-term picture with the market still seeing historically low mine output," said James Moore, an analyst at TheBullionDesk.com.
Moreover, "geopolitical unrest and a questionable future for the U.S. economy make gold a viable safe-haven/anti-inflationary hedge," he said