Long Gold/short EurQuotes from Societe Generale Cross Asset Research:
-Gold's cheapness coupled with the euro's overvaluation implies that the gold denominated in euros is substantially undervalued. Such reasoning shows that a long gold/short EUR position is quite appealing, especially for an investor worried about a further deterioration in the European crisis, which could propel gold prices sharply upwards.
More FOREX-news on pages InstaForex.Com