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Gold soars to six-month high on investor demand for a haven

Posted on 12 February 2009

From Bloomberg: Gold jumped to a six-month high as investors sought a safe harbor in precious metals on concern that the U.S. government’s plan to rescue banks may fail to revive the economy. Silver and platinum jumped to four-month highs.

The Standard & Poor’s 500 Index fell 4.9 percent yesterday after Treasury Secretary Timothy Geithner sketched out a $2 trillion plan to fix the financial system that left many unanswered questions about its mechanics….. Full Article: Source


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