Commodity Trade Mantra

Posts Tagged ‘Global Financial Turmoil’

Gold Price Doesn't Move, Despite Global Financial Turmoil

For the first time ever a developed country has defaulted on an IMF loan, the future of the euro is at stake & demand for physical gold in Europe is strong. The stock market of the world’s second largest economy declined by nearly 30 % in less than three weeks, but the gold price doesn’t move. Surely, the last thing authorities need at this moment is gold on the move.

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