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Why gold, silver prices could dive in a flash

Posted on 01 October 2012

Gold and silver prices dipped Friday as the dollar strengthened against global currencies on safe-haven buying that followed disappointing U.S. consumer sentiment and purchasing managers data. An economist warns a recession could lead to a meltdown in precious metals despite all the bullishness from global stimulus programs.
Spot gold prices shed 0.23% to $1774 an ounce intraday. During the quarter, it reached its highest price of 2012 and came within six percentage points of its all-time nominal high from 12 months ago………………………………………..Full Article: Source

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VRS - who has written 39476 posts on Opalesque Commodities Briefing.


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