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Gold Seen Rising on Prospects for Central-Bank Stimulus

By: Decomposed in ROUND | Recommend this post (0)
Tue, 04 Sep 12 7:43 PM | 45 view(s)
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Gold Seen Rising on Prospects for Central-Bank Stimulus

By Debarati Roy and Maria Kolesnikova - Sep 4, 2012
Bloomberg.com


Gold topped $1,700 an ounce for the first time since March on speculation that a sluggish global economy will force central bankers to add monetary stimulus, increasing demand for the metal as an inflation hedge.
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Federal Reserve Chairman Ben S. Bernanke said Aug. 31 that the U.S. central bank will provide additional stimulus as needed. The European Central Bank may reveal details of a plan to buy bonds of debt-saddled nations when officials meet on Sept. 6.

More: http://www.bloomberg.com/news/2012-09-04/gold-gains-to-5-month-high-on-prospects-for-additional-stimulus.html




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months




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