London Gold Market Report |
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Gold's Safe-Haven Status "Tested & Proven" as US Fed Needs Re-Capitalizing to Help Pump $242bn into Financial Markets THE PRICE OF PHYSICAL GOLD rose to $880 an ounce early Thursday – more than $100 above Wednesday's US opening – as world stock markets bounced on a "liquidity injection" of $242 billion from the big central banks, led by the Federal Reserve. Wednesday's sudden 10% jump in Gold came after the US Treasury said it had recapitalized the Federal Reserve's own balance-sheet with
Filed under: Fundamental
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