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

Gold ends steady as sell-offs hit commods, Wall St

Posted on 16 October 2008

From Guardian: Gold weathered a widespread decline in commodities on Wednesday, ending slightly lower in New York futures trade as plunging stock markets sent some investors to gold as a safe haven.

A slide in U.S. and European equity markets triggered buying in the bullion market, offsetting some selling related to a decline in crude oil and commodities, traders said.
Silver fell 5 percent, platinum nearly 5 percent and rhodium more than 20 percent amid fears a recession would hit demand for precious metals with an industrial use….. Full Article: Source


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