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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold may rise for fourth week as investors seek store of value

Posted on 29 December 2008

From Bloomberg: Gold may rise for the fourth straight week on speculation the recession will deepen in 2009, boosting the appeal of the precious metal as a store of value.

Eighteen of 25 traders, investors and analysts surveyed from Mumbai to Chicago from Dec. 24 through Dec. 26 advised buying gold, which rose 4 percent last week to $871.20 an ounce in New York. Four said to sell, and three were neutral….. Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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