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

Going long: Finding elusive gold in this market

Posted on 26 January 2009

From Theaureport.com: At this writing, gold is still 15% off its peak, at least in U.S. dollars. Yet at the same time, the metal is cruising at or near all-time highs against a host of other currencies, including the Swiss franc, British pound, Canadian dollar, Australian dollar, and Indian rupee.

That currency disparity means buyers around the world are prepared to pay much more for gold, relative to their own currencies, than is reflected in the New York spot market, which prices gold in dollars….. Full Article: Source


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VRS - who has written 37188 posts on Opalesque Commodities Briefing.


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