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Carney says gold price plunge no signal on global economy

Posted on 18 April 2013

Bank of Canada Governor Mark Carney said plunging gold prices this week aren’t necessarily a clear signal about the prospects for the global economy, saying base metals tend to be a better guide.
“You had a curious situation this week where there was an adjustment at a time when there was some surprise in economic data, so I would say that that’s more reflecting the specific market dynamics within that market,” Carney said at a press conference today in Ottawa…………………………………Full Article: Source


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