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

Gold advances to highest in three months on demand for haven

Posted on 27 January 2009

From Bloomberg: Gold rose to a three-month high in London as investors increased holdings of the metal as a haven on concern the global recession will deepen.

Bullion exceeded $900 an ounce on Jan. 23 for the first time since October and gold holdings in exchange-traded funds surged to records. Economists expect a report tomorrow to show German business sentiment slumped, while U.K. home prices had the biggest annual decline since at least 2001….. Full Article: Source


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