Thursday, February 09, 2012

 
 
 

 
 
 
 
 
The gold correction could be ending
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Monday, February 22, 2010
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From Mineweb:

Gold jumped to its highest in a month on Monday as the U.S. dollar took a breather from a recent rally and fund buying picked up after the euro gained on talk about a speedy bailout for debt-ridden Greece.

Investors have poured money into gold as a hedge against currencies' volatility due to fears about debt defaults in the euro zone, while the metal's steady rebound since falling below $1,100 also ignited technical buying. Dealers expected gold to eventually test...

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More on gold:

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George Soros just bought a lot of gold

Why owning gold is NOT the crowded trade

Topics: Gold | US dollar | Commodities
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