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Commodities Briefing - Categorized | Bullion/Gold, Commentaries, Currencies more

Gold likely to hit new highs on dollar fear-Barrick

Posted on 30 January 2009

From Guardian: Gold is likely to hit new record highs, spurred by serious concern about the U.S. currency and doubt about the state of the world economy, the chairman of Barrick Gold Corp. said on Thursday.

There was even a possibility, although not a probability, central banks, including China’s, might start to switch from dollar holdings to gold, which could cause the metal’s price to treble or more….. Full Article: Source


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