| Gold ticked up again on Thursday, its third session of gains, on investor hopes for additional stimulus packages to be released by central banks increased the yellow metal’s appeal as an inflation hedge. Gold’s recent rise was on the wave of Ewald Nowotny ‘s comments and hopes that the US would employ further action after their policy meeting next week.
The UK’s growing recession which caused Moody’s to put their economic outlook to negative in February looks poised to lose their AAA status soon. Britain’s second quarter took a nose dive by 0.7% (far greater than Spain’s 0.4%). ..............................................Full Article: Source
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