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Forex reserves down to $293.53 bn21:58
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Celebrating the ‘engines of our economy’21:47
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The trillion-euro question must wait20:28
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Vietnam’s November Inflation Accelerates to 6-Month High20:22
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Bullish Two Hundred Day Moving Average Cross - SLB19:09
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Bullish Two Hundred Day Moving Average Cross - STIP19:09
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SPDR S&P Regional Banking Breaks Above 200-Day Moving Average - Bullish for KRE19:09
Forbes.com - Investing
SPDR S&P Global Natural Resources Breaks Above 200-Day Moving Average - Bullish for GNR19:09
Forbes.com - Investing
Punters made a killing in Hind Copper's issue19:05
The Economic Times
Punters made a killing in Hindustan Copper's offer for sale issue19:05
The Economic Times - Markets
Parex Resources Breaks Above 200-Day Moving Average - Bullish for PXT18:39
Forbes.com - Investing
UTX Makes Bullish Cross Above Critical Moving Average18:39
Forbes.com - Investing
T Makes Bullish Cross Above Critical Moving Average18:39
Forbes.com - Investing
Heartland Payment Systems Breaks Above 200-Day Moving Average - Bullish for HPY18:39
Forbes.com - Investing
Luxembourg’s Yves Mersch appointed to ECB Executive Board18:36
The News International - Business
South Africa reserve bank holds rates amid inflation fears18:36
The News International - Business
Gold imports decline by 6.57pc18:36
The News International - Business
‘Pak-US Economic Working Group to discuss Basha dam project’18:36
The News International - Business
Rupee firm18:36
The News International - Business
Weekly inflation goes down18:36
The News International - Business
Bullish Two Hundred Day Moving Average Cross - S18:29
Forbes.com - Investing
Imperial Metals Breaks Above 200-Day Moving Average - Bullish for III18:29
Forbes.com - Investing
Government raises Rs 800 crore via Hind Copper selloff18:28
The Times of India
open market forex rates on 23/11/201218:18
The Nation - Business
Weekly inflation records minor decrease18:18
The Nation - Business
Egyptian team for promoting trade and economic relations18:18
The Nation - Business
Gold imports fall 6.57pc during July-Oct18:18
The Nation - Business
Greek economy pays high price for its high prices18:15
ABS-CBNNEWS.COM - Business
Myanmar opening no gold rush for U.S. firms18:11
Asahi Shimbun - Business
Colombia cuts rates in surprise move as economy slows18:11
Reuters.co.uk - Business & Finance
4 to 6 hours old
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Hurricane Sandy a boost to economy17:58
The Seattle Times - Business & Technology
EU’s trillion-euro budget summit fails17:54
The Times of India - International Business
Rupee at over 2-month low against dollar17:47
The Times of India
Punters make a killing in government’s Hind Copper offer17:37
The Times of India
S&P welcomes French economic reforms, but outlook still negative17:16
Gulf Times - Finance & Business
Trillion-euro EU budget summit ends in failure17:16
Gulf Times - Finance & Business
ECB oversight of banks best, says Draghi17:16
The Irish Times - Business
Rupee falls by 32 paise as oilcos buy dollars17:15
The Economic Times
LIC, PSBs bail out Hind Copper's OFS issue17:15
The Economic Times
Turkey Swaps Gold for Iranian Gas17:10
The Wall Street Journal
Mexichem to pay dividend of 0.48 peso per share17:09
Reuters - Economy
Profits dip at Johnson Matthey as precious metals lack lustre17:05
What Investment
Cyber Monday Outlook Bullish After Online Sales Jump16:54
Investors Business Daily - Business

 


 

Gold Surges to Six-Week Highs

by Peter A. Grant

Nov 23, AM
(from USAGOLD.com) --

Gold has pushed to new 6-week highs, spurred by rising risk appetite and a weaker dollar. Silver reclaimed the 34 handle for the first time in 6-weeks. The euro rose to new 3-week highs against the greenback, nearing 1.30 once again. Meanwhile the S&P 500 reached 2-week highs above 1,400 in abbreviated holiday trading.

While efforts to reach a deal on Greece earlier in the week were unsuccessful, hopes spring eternal, and optimism is running high once again for an agreement by Monday. Better than expected November German Ifo sentiment also buoyed the single currency.

Debate over the fiscal cliff will continue after the holiday, and hopes remain high for some kind of resolution. Additionally, the fragile Israel/Hamas cease fire is holding in Gaza, further contributing to the risk-on environment.

NEWSLETTER SIGN-UP

Opinions expressed in commentary on the USAGOLD.com website do not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell any precious metals product, nor should they be viewed in any way as investment advice or advice to buy, sell or hold. USAGOLD, Inc. recommends the purchase of physical precious metals for asset preservation purposes, not speculation. Utilization of these opinions for speculative purposes is neither suggested nor advised. Commentary is strictly for educational purposes, and as such USAGOLD does not warrant or guarantee the accuracy, timeliness or completeness of the information found here.

 

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The Third Edition of this classic how-to details gold's rising prominence in the global financial arena and offers insights as to what this surprising and historic shift in sentiment might mean to the gold market of the future. It also suggests practical guidelines for adding gold to your portfolio drawing from the author's nearly 40 years experience in the gold business.

"Highly recommended!"
The Midwest Book Review

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