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Gold part commodity part currency eyes $1,000 near term

Posted on 05 February 2009

From Marketoracle.co.uk: Gold demand in the 3Q of 2008 was very strong after being weak for several quarters. Identifiable demand was 1,133.4 tonnes. That figure was up 170.1 tonnes or 18% year over year. Valued in U.S. dollars gold demand was $31.8 billion and up 51% year over year.

That number is a record and marks a 45% increase from the record numbers set in the 2Q….. Full Article: Source


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VRS - who has written 39533 posts on Opalesque Commodities Briefing.


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