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

Gold and silver stocks in the limelight

Posted on 18 December 2008

From Mineweb.com: Listed gold stocks reaffirmed their status as the leading equities recovery sector in global stock markets after the Federal Reserve, the US central bank, announced an interest rates cut on Tuesday, establishing a target range for the federal funds rate of 0% to 0.25%, the lowest ever known.

The cuts in US interest rates are among the latest further steps taken by governments, and monetary and treasury officials, around the world, to further stem damage from haemorrhaged credit markets and also stimulate economic activity as recessionary conditions increasingly take a grip across the world economy….. Full Article: Source


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VRS - who has written 36545 posts on Opalesque Commodities Briefing.


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