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Gold Rates

We Sell
42,726.62 € / kg
+90.74
+0.21%
1,328.95 € / oz
+2.82
+0.21%

We Buy
42,048.42 € / kg
+89.30
+0.21%
1,307.85 € / oz
+2.78
+0.21%

Gold Silver
Kgs Ounce


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Market Information

25-01-2012

$2,000 gold not a certainty this year

A $2,000 gold this year is not at all a ceratinty but a big probability, according to many observers after major banks and consultants cut down their bullish forecasts.
They see the average gold price at $1845 an ounce for 2012. However they added that majority of investors think the other way and believed gold will stretch its broad winning streak to a 12th year.

The precious yellow metal rose steeply last year as investors flew to safe havens from August in response to market tremors.

Gold futures that mature in three months peaked at a height of $1,899 per troy ounce in September before falling as low as $1,539.9 in December.

The yellow metal dropped mainly after investors redoubling their efforts to secure cash as global economic conditions worsened, analysts said....

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25-01-2012

IMF Cuts Global Growth Forecast; Sees Recession

The International Monetary Fund cut its forecast for global growth and warned that the European debt crisis threatens to derail the world economy.

“The epicenter of the danger is Europe but the rest of the world is increasingly...

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24-01-2012

Gold Declines as Advance to a Six-Week High Prompts Selling by Investors

Gold fell in New York for the first time in three days as a rally to a six-week high spurred some investors to sell the metal amid lower demand from Asia. Silver dropped in London, paring its best start to a year since 1980.
Bullion...

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