Blue Index Gold Commentary

BlueIndex

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Gold remains near its highest levels as investors look for a safe haven in the wake of the US financial crisis. If the injection of over $80bn by the US Government to save AIG was seen as inflationary, a $700bn should probably see the metal clear of $1,000 in coming weeks. The only question mark is how much of this nightmare meltdown is already in the price of the metal?

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