Gold (GLD) Buoyed in Sea of Red

May 4, 2012 1:40 PM EDT
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Markets are down across the board today, and every sector from technology to commodities saw losses. However, Gold (NYSE: GLD) is holding steady with a modest .5 percent increase intra-day. The price action suggests that GLD's safe-haven status is still intact.

The GLD is up a modest 2% so far this year and prices have been under pressure since topping out in March.

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