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

Gold will be looked at in a very different light going forward

Posted on 01 October 2008

From IBTimes: Gold rose yesterday on bank failures and systemic fears in Europe and after the US Congress voted against the Paulson and Bush bailout plan (gold closed at $888.40, up $7.20 while silver closed at $12.93, down 45 cents). Subsequently, gold surged in after hours and in early Asian trading rising to over $923/oz.

We are living in incredible, tumultuous and unprecedented financial and economic times and given the extent of the increasingly uncertain outlook for the global equity, property, money, interest rate and currency markets it is surprising that gold prices did not surge by a larger amount…… Full Article: Source


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