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Gold retains investment value as a crisis metal

Posted on 05 January 2009

From Bullionvault.com: Gold has continued to show its value as a crisis metal in the first trading day of the New Year. Although the yellow metal slipped one per cent in Europe on Friday (January 2nd), it avoided the five per cent slide experienced by oil as the dollar strengthened against the euro, according to Reuters.

The metal is priced at just over $870 per ounce but is expected to hold its value and even strengthen as the year goes on……Full Article: Source


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VRS - who has written 38538 posts on Opalesque Commodities Briefing.


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