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Giant gold fund still tipped after 51pct fall

Posted on 02 July 2013

The gold price’s plunge to a three-year low has left thousands of investors nursing losses on funds that back the precious metal. Bullion traded below $1,200 an ounce last week for the first time in four years. It had become popular with investors as a hedge against inflation. The fear was that the money printing enthusiasm of central banks would pump up price pressure.
But the indication from the Federal Reserve that its stimulus programme would at some point end, although stating the obvious, sent stock markets and gold prices falling………………………………..Full Article: Source


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