Gold Edges Higher as Equities Come Under Pressure
Gold traded in line with stocks for much of last year, but has developed an inverse relationship to them in recent days.
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Gold traded in line with stocks for much of last year, but has developed an inverse relationship to them in recent days.
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Why didn’t Obama think of this before?
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Gold held near 11-month highs helped by a broadly stronger euro as the market’s eyes turn to monetary policy meetings in Europe.
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Gold might race through $1800 an ounce…if we see a QE3 announcement.
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South African police said striking miners had blockaded roads leading to shafts belonging to number one producer Anglo American Platinum.
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South Africa accounts for 70% of world output in platinum, so even a halving of production over a prolonged period would bring a steep price rise.
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Gold rose for a seventh day on Thursday after minutes from the U.S. Federal Reserve’s most recent policy meeting.
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Platinum prices hit their highest since early July on Monday following mass killings last week.
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One particular metal right now looks to be an even better investment than gold. The metal I’m talking about is platinum.
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