London Gold Market Report |
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Gold Slips into US Open Despite Jobless Data, GM's Near-Record Loss; South African Gold Miners Tumble on Rising Costs THE SPOT PRICE OF GOLD fell into the New York open on Friday, beginning August almost 4.5% below July's start despite news that US unemployment just rose to a four-year high. "Everything is down this morning as margin calls bite," says Mitsui in its Gold Market note today – "equities, the Euro, the oil price and precious metals. " Gold should find short-term support at
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