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The gold price has corrected sharply over the last couple of trading days – breaking the strong support zone at $1,550-1,525/oz and heading straight for the next significant technical support point at $1,300. The immediate catalyst seems to have been the theory that Cyprus would be pressured to sell a large part of its official gold ...
Marc Faber, renowned investor and editor of The Gloom Boom & Doom Report, said that the gold price will likely fall further in the summer months. Nevertheless, Faber still remains bullish on both gold and silver in the long run. He points out that people who do not buy precious metals have implicit confidence in the ability of central ...
Roman Baudzus writes -- As the renowned fund manager Marc Faber told Hera Research in an interview last week, the Federal Reserve’s monetary strategy caused the bubbles that later had to be fought using increasingly spectacular measures. Even when a gold standard still existed, there were big cycles of up- and downturns; however, ...
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Gold:Gold Buy Rates |
$44.2585/gg $1,376.60/oz |
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Silver:Silver Buy Rates |
$0.7166/gg $22.29/oz |
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Platinum:Platinum Buy Rates |
$46.8035/pg $1,455.80/oz |
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Palladium:Palladium Buy Rates |
$23.6630/pd $736.00/oz |
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