Monthly Archives: September 2011

02
Sep
2011

ECB Doesn’t Rule Out “PIIGS” Gold as Collateral for Gold Backed Eurobonds

Gold and the Swiss franc are higher today as risk aversion has returned with global stock markets falling on concerns the US employment figure later today will disappoint and confirm that the US economy continues to weaken.

Gold is trading at USD 1,853.50, EUR 1,300.10, GBP 1,143.30, CHF 1,446.50 and JPY 142,320 per ounce.

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01
Sep
2011

August Review: Gold Rises 12% as Equities Fall, Commodities Mixed and German and US Bonds Higher

Review of Precious Metals, Equities, Commodities, Bonds and Currencies
August was a very turbulent month for markets with equities falling sharply and commodities mixed on Eurozone and United States sovereign debt concerns and concerns about the health of the U.S. and global economy. 

For many markets, Augusts’ savage sell-off has been the worst since the October following Lehman Brothers’ implosion and investors diversified into havens such as high credit government bonds and gold. 

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