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Gold Prices Rally on Economic, Geopolitical Worries

Posted on 07 August 2014

Gold prices rose to their highest level in nearly two weeks on Wednesday, as worries grew over economic weakness in the euro zone and tensions between Russia and the West.
Gold for December delivery, the most actively traded contract, rallied $22.90, or 1.8%, to $1,308.20 a troy ounce, the highest settlement price since July 21. The contract posted the biggest one-day percentage gain since June 19. Italy fell back into recession for the third time since 2008, data showed Wednesday, signaling that the euro zone’s recovery has hit a major stumbling block………………………………………..Full Article: Source


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