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Commodities Briefing - Categorized | Bullion/Gold, Trends more

2012 outlook for gold – Positive fundamentals remain and crucial diversification

Posted on 22 December 2011

With just a few trading days left in 2011, we can take stock of gold’s performance vis-à-vis other assets. Gold is 13.7% higher in USD, 12% higher in GBP and 14.4% higher in EUR. Gains were seen in all fiat currencies and even stronger performing fiat currencies such as the CNY (yuan) and JPY (+9% and +8.75% respectively).
While gold reached record nominal highs at $1,915/oz in August, it is important to continually emphasize that gold remains well below the real high, adjusted for inflation, in 1980 of $2,500/oz………………………………………..Full Article: Source

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VRS - who has written 36545 posts on Opalesque Commodities Briefing.


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