Gold Investments Market Update - Emergency Coordinated Central Bank Rate Cuts to See Gold Soar |
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Gold rallied yesterday on increasing risk aversion as stock markets continued to crash internationally (gold closed at $880.70 up $18 and silver closed at $11.34 up 7 cents). Gold has surged to new record highs in most major currencies including the Australian dollar, British pound (£517) and euro (€662) as the global contagion deepens. Therefore, gold is again acting independently of the dollar and despite recent dollar strength has rallied sharply in all major
Filed under: Fundamental
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