Assicurazioni Generali (GASI.MI) does not intend to sell its French business, three people close to the situation said on Friday, following a report that German rival Allianz (ALVG.DE) was in talks with Italy's biggest insurer about a sale.
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Gold prices have jumped 6%, to $1,127 per ounce. Thus, gold is one of the only major assets to post a sizable gain in 2016. Gold is viewed as a safe and reliable value source for investors to turn to when they are worried about the plummeting economy. Examples such as China's economy and dropping oil prices have investors investing in gold as their money "safe haven".