BULLION UPDATE FOR 21 AUGUST
Gold and silver climbed higher throughout most of world
trade and ended near their highs of $838.95 and $13.865
with gains of 2.86% and 5.49%. A jump in oil and a drop in
the dollar driven by increased financial and geopolitical
worries had many buying the ultimate safe haven assets.
Thursday, August 21, 2008
Wednesday, August 20, 2008
MARKET UPDATE
MARKET UPDATE FOR 20 AUGUST, 2008
GOLD STEADIED IN EUROPE ON WEDNESDAY AS
STRONG DEMAND FOR PHYSICAL STOCKS OF THE
PRECIOUS METAL SUPPORTED BY PRICES AFTER
THE RECENT DIP.THE METAL CLIMBED TO A ONE
WEEK HIGH IN ASIA, PULLING OTHER PRECIOUS
METALS IN ITS WAKE, BUT SOFTENED A TOUCH
IN EUROPE AS THE DOLLAR FIRMED AGAINST THE
EURO AND OIL PRICES SLIPPED FROM ITS HIGH.
GOLD STEADIED IN EUROPE ON WEDNESDAY AS
STRONG DEMAND FOR PHYSICAL STOCKS OF THE
PRECIOUS METAL SUPPORTED BY PRICES AFTER
THE RECENT DIP.THE METAL CLIMBED TO A ONE
WEEK HIGH IN ASIA, PULLING OTHER PRECIOUS
METALS IN ITS WAKE, BUT SOFTENED A TOUCH
IN EUROPE AS THE DOLLAR FIRMED AGAINST THE
EURO AND OIL PRICES SLIPPED FROM ITS HIGH.
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