Gold Returns to Safe Haven Status : Why is Gold rallying with the Dollar ? now we are returning to the trade that we saw in the summer of 2011 , when things get worse in Europe , gold tends to move higher , what we saw in the end of 2011 was funds taking profits and this desire to raise cash because of the tight credit situation in Europe and we are back to the trade we saw before when people are scared they put their money in gold says Matt Grossman, Chief Equity Market Strategist at Adam Mesh Trading Group He adds that gold has returned to safe haven status as Europe languishes. He is bullish on gold, and says it will break the $2,000 level.
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