Gold's safe-haven status is renewed amid the situation in Cyprus, sending Comex gold above...

|By:, SA News Editor

Gold's safe-haven status is renewed amid the situation in Cyprus, sending Comex gold above $1,600/oz. for the first time this month. “Gold should profit from the possibility that savings are no longer regarded as safe," Commerzbank says, but it's too early to know if the push will last; Societe Generale doubts gold rallies much from here. Gold miners also move up: GDX +1.1%, GDXJ +1.2%.