London Gold Market Report |
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Gold Bounces Higher from 1980 Peak as Euro Sinks, Auto-Sales Hit Platinum, US Bail-Out Nears Final Approval THE PRICE OF GOLD sank 2.1% Thursday morning in London, dropping to a two-week low near $850 an ounce – the very peak of gold's last bull in Jan. 1980. Asian stock markets closed the day lower, while European shares gave back an early rally despite the overnight vote in Washington supporting the $700 billion bail-out for banks. "The rescue plan will have a slightly marginal negative
Filed under: Fundamental
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