Archive for September 30th, 2008

Sep 30 2008

”Vault staff are doing a lot of overtime this week” - A view from the LBMA Annual Meeting

Published by Ed Murphy under Gold

Further news about the divergence of the futures and physichal bullion markets. In a story entitled ‘Gold set to cement safe haven status‘ the FT relates how:
Bankers at the Kyoto’s meeting said spooked investor were so deeply worried about the stability of the financial system, than rather than just investing in gold, they were placing [...]

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Sep 30 2008

Gold Investments Market Update - “Gold Will Be Looked At In A Very Different Light Going Forward”

Published by Mark O'Byrne under Market Updates

“Gold Will Be Looked At In A Very Different Light Going Forward”
Gold rose yesterday on bank failures and systemic fears in Europe and after the US Congress voted against the Paulson and Bush bailout plan (gold closed at $888.40, up $7.20 while silver closed at $12.93, down 45 cents). Subsequently, gold surged in after hours [...]

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