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Commodities Briefing - Categorized | Bullion/Gold, Market Moves, Research more

Lack of trust could push gold higher, but fundamentals precarious

Posted on 06 October 2010

From Mineweb.co.za: In Australian research organisation, Resource Capital Research’s (RCR) September quarter review of the gold sector, the group notes that the yellow metal has continued to set new records, recently breaking through the US$1,300/ounce level. Overall, the gold price is up around 10% since the start of the quarter, and in the last twelve months it is up by over 30%.
Since the start of 2008 RCR reckons that gold has stood head and shoulders above other major asset classes, appreciating by 55% while equity markets, the oil price, copper price (to name just a few) are still in negative territory or barely positive over that period……………………………………….Full Article: Source

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