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Gold Cuts 2009 Gains to 30% as Deflation Hits Europe, China Hits New Year “Gold Rush”

Posted By admin On December 30, 2009 @ 5:34 am In Money Watch | Comments Disabled

Adrian Ash
Bullion Vault [1]
Wednesday, Dec 30th, 2009

The price of Gold dropped to a 3-session low at the start of London dealing on Wednesday, cutting its 2009 gains vs. the Dollar to 30% and losing 2.1% for the week so far.

World stock markets fell together with government bonds. The US Dollar ticked higher on the forex market.

Crude oil held near a 77% gain for the year above $79 per barrel.

Copper and zinc traded at the London Metal Exchange ticked higher from Tuesday’s 15-month closing highs.

“With [the Tocom Gold Futures exchange in] Japan out today and the holidays upon us, trading has been thin overnight and the market remains vulnerable to sharp moves,” says a note from precious metals dealer Mitsui.

Full article here [1]

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Gold Cuts 2009 Gains to 30% as Deflation Hits Europe, China Hits New Year Gold Rush  FOTR 340x1692 [2] 

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URLs in this post:

[1] Bullion Vault: http://goldnews.bullionvault.com/gold_2009_123020091

[2] Buy the DVD here: http://infowars-shop.stores.yahoo.net/faofreprofba.html

[3] Gold Gains as Dollar Weakens on Fed; Silver Reaches 30-Year High: http://www.prisonplanet.com/gold-gains-as-dollar-weakens-on-fed-silver-reaches-30-year-high.html

[4] Gold Climbs to One-Week High as Dollar Declines; Platinum Gains: http://www.prisonplanet.com/gold-climbs-to-one-week-high-as-dollar-declines-platinum-gains.html

[5] Gold hits record on euro, silver jumps to 31-year top: http://www.prisonplanet.com/gold-hits-record-on-euro-silver-jumps-to-31-year-top.html

[6] Gold hits fresh high as US dollar falls to three-year low: http://www.prisonplanet.com/gold-hits-fresh-high-as-us-dollar-falls-to-three-year-low.html

[7] PRECIOUS-Gold hits record high as dollar slides: http://www.prisonplanet.com/precious-gold-hits-record-high-as-dollar-slides.html

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