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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Could money supply lead to gold $10,000/oz?

Posted on 24 October 2011

Gold prices are mixed today as markets remain on edge due to increasing divisions amongst European leaders on how to solve the intractable euro-zone debt crisis. There continues to be very strong demand for physical bullion globally and support is strong at the $1,600 level due to this demand.
The sharp fall of copper yesterday, by 6%, is an indication that the US, Chinese and indeed global economy is very fragile and may soon begin to contract………………………………………Full Article: Source


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VRS - who has written 37608 posts on Opalesque Commodities Briefing.


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