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Article: Commodity Markets.(gold prices in the United States)(Brief article)
- Article from:
- Saudi Economic Survey
- Article date:
- October 20, 2009
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Summary: Gold is the Way to Go Slightly
Gold prices have been recently testing the USD1,000 an ounce mark.
The rebound in gold prices since May 2009 has been largely driven by commodity financial investment inflows on the back of higher investor risk appetite and the recent depreciation of the USD.
At present, there is growing consensus that the worst of the recession is over and that recovery is already underway in some advanced economies, like France, Germany, Japan and other large emerging market economies.
Moreover, there is increasing confidence that, with the extensive monetary and fiscal stimulus plans across many large ...