London Gold Market Report |
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Gold Slumps to Nine-Month Low as "Shaky" Speculators Bale Out; Private Investors "Actively" Buying as Real US Interest Rates Sink to -3.6% THE SPOT PRICE OF GOLD sank yet again at the London opening on Friday, falling 2.6% to touch a nine-month low as US crude oil prices dropped 1.3% to trade below $114 per barrel. Western European stock prices rose meantime in early trade, averaging 0.8% gains despite this week's clear signals of economic recession ahead. Versus the almighty US Dollar, the
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