12.08.2011 - Gold hits new record spot: $1813.80
Gold struck yet another all-time high of $1813.80 early this morning (Thursday), marking an 18% gain in just over a month. The acceleration in gains in the gold price underscores just how nervous the financial markets are of the recent run of events both and more recently with regards to stability in Spain, Italy and now France. The knock-on effects of the downgrading of US debt by the rating agencies from its coveted AAA level have less than many had feared with equity markets taking much of the brunt. The effect is likely to be most pronounced amongst the main creditors, who, after the Fed itself, are China, Japan and the UK..............................................Full Article: Source
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