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

Financial market turmoil leaves gold undervalued

Posted on 25 May 2011

During the last few weeks the price of gold has been consolidating between $1475 an ounce and $1525 an ounce. Yet, with all the current turmoil in the financial markets, it seems totally undervalued.
On Monday May 16, the United States hit its $14.3 trillion borrowing limit. Treasury Secretary Timothy Geithner told Congress that issuing $72 billion in bonds and notes would push the deficit to its legal cap and he would have to suspend deposits into federal pension funds to free up room for more borrowing……………………………………….Full Article: Source


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VRS - who has written 36706 posts on Opalesque Commodities Briefing.


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