Gold Investments Market Update - Prospect of $1 Trillion US Annual Budget Deficit - Precious Metals Surge |
|
Prospect of $1 Trillion US Annual Budget Deficit - Precious Metals Surge Gold and silver surged again yesterday (up 5% and nearly 8% respectively) as the serious inflationary consequences of the Treasury's unprecedented plan to buy up at least $700 billion of toxic assets was realised. Gold surged from $861.40 to close over $900/oz but has since given up some of its gains, likely on profit taking. Given the size of gold's move up in recent days (up 15% in less than a week) profit taking would
Filed under: Fundamental
Latest Posts
- Daily Scalping Tip
- Today’s Live Show: EUR/USD- A “Dead Cat Bounce”?
- The wedge continuation play…continues…on the cable
- Chart of the Day - USD/CAD
- U.S Market Update
- EUR/JPY Triangle Set Up to Watch
- When the President speaks, everybody listens
- Posts quick access
- The Dollar fell after the ADP employment report
- The Dollar fell after the ADP employment report
- Bulls Last Shot!
- Net long JPY positions at six-month high
- FOMC fears undermine dollar
- Forex Trading: EUR/USD Tests 100 Hour Moving Average | Daily Markets
- Daily Forex Analysis: British Pound Continues To Gain Against Euro …