Geopolitics boost gold - Greenspan

Recently retired US Federal Reserve chariman, Alan Greenspan, is reported to have attributed high gold prices to investor concerns over major geopolitical conflicts and not a reflection of inflation worries.

According to media reports yesterday, Greenspan told Japanese investors in Tokyo via a video link from New York, that high gold prices did not reflect inflation or the strength of commodities. He is reported to have said that the low probability of a nuclear weapon being detonated within f