“Gold is in the 12th year of a bull run, 13.5 percent higher this year, as investors seek to hedge against weaker currencies and the threat of rising consumer prices. Holdings in gold- backed exchange-traded products expanded to an all-time high yesterday, and Bank of America Corp. and Deutsche Bank are among banks forecasting that the price will rally to a record. Immediate-delivery gold reached $1,779.50 an ounce on Sept. 19, the highest price since February, after central banks took further steps to bolster their economies hurt byEurope’s debt crisis.”
Related posts:
Belgian card payment network crashes two days after record usage
Iron Ore Slumps to Lowest Since at Least 2009 in China
Former deputy gets two weeks work-release for burglary
California Coffee Will Now Be Served With Cancer Warnings
China's stock market finally opens to foreigners
Dish Network Says It Will Accept Bitcoin
Japanese scientists invent ‘privacy visor’ to fool Google’s facial recognition software
Russia yet to decide on Cyprus loan extension
Reality Check: RNC Pulling Out All Stops To Keep Ron Paul's Name Out Of Nomination
Post Office to release fashion line
CFPB targets 'zombie' foreclosures
Indian starving children’s fund used to fix buses
Switzerland marijuana decriminalization begins October 1st
SWAT teams claim they’re private and immune from open records
UN human rights chief slams failure to shut Guantanamo