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Tuesday, 10 November 2009

Gold update

I note that the BBC are now showing two figures for the gold price each day:
Forex Gold Index(am fix) and Forex Gold Index(pm fix) $/oz. With the Financial Times reporting yesterday that "Market expectations for inflation in the US and UK have reached their highest levels since late last year..." I can only see an upside for the price of gold. Oddly Gordon Brown and Alistair Darling still say the main threat is deflation, but then who believes a word they say?

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