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Gold price to rise as US gains Syria strike support

Posted on 05 September 2013

Angelos Damaskos, chief executive of Sector Investment Managers and fund adviser to the £6.8 million MFM Junior Gold fund, says gold could rise to $1,500 (£961) an ounce as US political figures plan for a military strike on Syria. Gold has continued to rise in August after hitting a low point earlier this year, at the time of reporting gold is at $1,400 an ounce.
Damaskos says following confirmation by United Nation (UN) inspectors that chemical weapons of mass destruction were used by the Assad regime, the threat of military intervention by the US and other UN members in Syria is unsettling the markets………………………………………..Full Article: Source


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