Todays gold price shows gold is set to hit best quarterly gain in 27 years as emerging market tensions continues, peaking at $1,391. “As long as emerging market worries continue you will see more buying coming through” Michael Widmer of Merrill Lynch commented. Bullion has so far gained 15% this year currently trading at $1,360
Meanwhile European stocks close near on the same level as the previous one month lows. The dollar has fallen 0.1% against a host of currencies as weaker than expected US manufacturing data was revealed.