Gold is closing on $1,200 USD
Gold reached as high as $1,198.40 USD today, trading will go for another 5 hours as I am typing. The safe heaven buying in the face of the ongoing European Union sovereign debt crisis still going strong. Greece, Portugal, Spain, Iceland, Ireland ... but I suspect there is more to it, or should I say more countries in financial peril. Folks from many Eastern European countries, some EU members and some aspiring-to-be are in distress. The funny thing, gold is up when stocks and oil are down, livestocks and meat are strongly up, and US Dollar is up very strongly at 84.85. Silver is lagging at $17.55 which is only 3 cents up, yet platinum and palladium are raising fast at $1,615 and $517 respectively. See more at Kitco.
Thu May 6, 2010 11:05AM | Copyright: www.bad-credit-advisor.com | More in Gold Investing | Comments (0)
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