03.08.2011 - Gold - a barometer for the global monetary system
As to be expected, the price of gold has fallen from its recent record highs after President Barack Obama said congressional leaders agreed on a plan to prevent a default, curbing demand for the metal as a protection of wealth. Obama announced that leaders of both parties in the U.S. House and Senate had approved an agreement to raise the nation's debt ceiling by $2.1 trillion and cut the federal deficit by as much as $2.5 trillion over a decade..............................................Full Article: Source
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