London Gold Market Report |
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Gold Leaps as Stocks, Oil & Commodities Tumble on "Failed Bail-Out" Deflation Fears SPOT GOLD PRICES jumped $34 early in London on Monday, bouncing well above last Friday's low at $820 to touch $860 an ounce as world stock markets sank in the face of desperate promises of Tax-Funded Aid from major governments. Crude oil sank 4% to trade below $90 per barrel, an eight-month low. Soft commodities all fell hard, as did base metals, while the low-yielding US Dollar and Japanese Yen both rose
Filed under: Fundamental
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