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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Does gold price collapse signal a vote in economic confidence?

Posted on 10 July 2013

The commodity’s past highs and lows means policymakers should be cautious in interpreting its latest plunge in value. In principle, holding gold is a form of insurance against war, financial Armageddon and wholesale currency debasement.
And from the onset of the global financial crisis, the price of gold has often been portrayed as a barometer of global economic insecurity. So, does the collapse in gold prices, from a peak of $1,900 per ounce in August 2011 to less than $1,250 (£841) at the beginning of this month, represent a vote of confidence in the global economy?……………………………………….Full Article: Source


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