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Precious metals climb back

20 hours ago ago from Dead Presidents! - India Equity Research

Prices gain ground as dollar's rally comes to halt Precious metal prices kicked off the new week with a rise on Monday, 08 February 2010. Prices rose as the dollar's rally came to a halt. Generally, a stronger dollar pressures demand for dollar-denominated commodities, such as crude oil and gold, which become more expensive for holders of other currencies and also vice versa. On Monday, gold for April delivery ended at $1,066.2 an ...

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2010 Course Selection: GoldStocks 101

4 hours ago ago from BabyBullTwits

According to Luke Burgess of istockanalyst.com, there's no doubt about it everything points to higher gold prices this year: Weakness in the U.S. dollar: The value of the dollar has fallen 35% since 2002 and 9% in the past 12 months. Meanwhile, the national debt is approaching $12.5 trillion and the 2010 budget deficit is projected to hit a new record: $1.56 trillion. Economic uncertainty: Investment markets worldwide continue to be on ...

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News Article: Gold Still Going Strong

5 hours ago ago from BetterTrades Blog

Despite all the economic woes that continue to plague the world’s economies, the price of gold has skyrocketed over the past several weeks. Heading into the December 2 trading session, the spot price of gold for December delivery stood at $1,217 an ounce. The recent surge in price can be somewhat attributed to the continual weakness in the value of the U.S. Dollar. As of the close of the December 1 trading session, the Dollar Index stood ...

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Are banks creating gold price bubble?

20 hours ago ago from J&T Coins LLC Blog

By David Lew Two months after gold posted the historic high price of $1,227 per ounce, bullion investors have been caught in pains of losing money for every ounce of the yellow metal. On Thursday, gold plunged to its biggest one-day loss in 16 months. The yellow metal fell 4.4% in volatile trade, plunging below $1,060 an ounce. Is all the bubble talk on gold turning true? Is gold price headed down to $1,000 or below that level in ...

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Gold Prices Sustain Rally (TheStreet.com)

56 minutes ago ago from Gold Buyers NY, NYC Cash for gold, new york gold buyers

Gold prices and the euro were rallying Tuesday as the U.S. dollar weakened

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Oil edges higher on weaker dollar

7 hours ago ago from CNN Money

Oil edges higher on weaker dollar By Hibah Yousuf, staff reporter February 9, 2010: 7:29 AM ET NEW YORK (CNNMoney.com) -- Oil prices extended gains Tuesday as the dollar weakened against the euro after concerns over Europe's debt crisis eased. What prices are doing: Crude oil for April delivery rose 34 cents, or 0.5%, to $72.23 a barrel. After falling nearly 8% over three consecutive sessions, crude prices rose 1% Monday to settle at ...

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