London Gold Market Report |
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Gold Holds Steady as US Nationalizes AIG; Counterparty Risks in Exchange-Traded Notes "Now Clear" to Investors THE PRICE OF PHYSICAL GOLD stuck to non-Dollar currencies early Wednesday, holding in the middle of this week's range as the US nationalization of AIG – the world's largest insurance group – whipped world stock markets. The Japanese Nikkei added 1.2% after the Federal Reserve seized four-fifths of the failed insurance giant for $85 billion, but Shanghai shares closed 3.6% lower.
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