Gold and oil both soar, with gold settling above the key $1,600/oz. psychological mark and crude...

|By:, SA News Editor
Gold and oil both soar, with gold settling above the key $1,600/oz. psychological mark and crude oil up 7.7% with settlement less than an hour away. But one group of traders is very wrong: Either the European financial crisis is fixed - as energy prices rise on an anticipated increase in demand - or it isn't - as gold prices rise as investors seek a safe haven.