Investors were back buying into the safe haven asset after a decision by the euro zone to force depositors in Cyprus to contribute towards a bailout left markets worried over spread of the contagion to other regions in the euro zone region.

This saw an investor sell-off in equities and interest back in gold and the dollar. There was a huge sell-off in equities across Asia and a shift towards gold. The Hong Kong Hang Sang was down 2 per cent,while the Japanese Nikkei was down 1.94 per cent In trade today.

GoodReturns.in