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Commodities Briefing - Categorized | Bullion/Gold, Investment more

Investors seek safety of gold

Posted on 15 November 2012

Gold advanced on concerns that US lawmakers may fail to reach an agreement on the budget by year’s end, risking a recession and boosting the need for a protection of wealth. Platinum rose for a fourth day.
Gold for immediate delivery gained as much as 0.3 per cent to $US1729.25 an ounce and traded at $US1727.80 at 10.06am in Singapore. Prices fell 0.2 per cent yesterday, the third straight drop and the worst run since October 10. Bullion for December delivery climbed as much as 0.3 per cent to $US1729.20 an ounce on the Comex in New York………………………………………..Full Article: Source


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