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Gold halts its losing streak

Posted on 05 March 2009

From Telegraph: The gold price rose today, halting a seven-session losing streak and leading other precious metals higher, on signs that the US recession is deepening. “The capital-market environment and real economy prospects are not very favourable,” making it a good time to invest in gold, Bayram Dincer, a commodity analyst at Dresdner Bank in Zurich, said.

“Gold investment demand will start its dynamics again and push prices well into four- digit levels. It is just a matter of weeks when gold races over the record top.” …. Full Article: Source


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VRS - who has written 38163 posts on Opalesque Commodities Briefing.


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