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

If China willing, gold to break all time high: Saxo Bank

Posted on 26 October 2012

Gold prices may reach all time high of $2,075 an ounce in December this year as mainland China’s gold buying from Australia rose sharply, said Saxo bank in a commodity snippet. Our recommendation is to buy gold now before the gold price escalates further higher, the bank added.
According to the Danish investment bank, yellow metal has jumped past coal as Australia’s second most beneficial physical export to China, with revenue up a whopping 900% for your first eight months of this year, bringing in $4.1 billion………………………………………..Full Article: Source


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