London Gold Market Report |
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Gold Extends 13% Gain as Investors "Seek Transparency" with Physical Metal GOLD PRICES extended last week's 13% gain early Monday, nearing Wednesday's six-week high of $892 per ounce as the US Dollar tumbled on the foreign exchanges and world stock markets retreated from Friday's "big bail out" surge. Pointing to the US Treasury's plans for a $700 billion "resolution trust" for toxic mortgage-backed securities, "the US Dollar's response last week was further depreciation," notes Walter de Wet
Filed under: Fundamental
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