| Gold rallied to a fresh all time high of over $1640 today following a rash of poor economic data from the US, Europe and China which suggests that the global economy growth is sliding.
Despite news that the US had tentatively reached an agreement to extend the debt ceiling, this important news seems to have now been eclipsed with the markets also very much concerned that the US may see a downgrading by credit agencies. In short, persistently weak economic data coupled with rising global risk sentiment is giving a lift to gold..............................................Full Article: Source
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