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Thursday, July 13, 2006

Geopolitical Concerns Keep Gold Prices Buoyant

Geopolitical concerns keep Gold prices buoyant: Gold futures hit six-week highs yesterday, despite a stronger U.S. Dollar, as safe haven buying returns. Conflicts in Israel, Iran, North Korea, and India have many investors nervous, which historically has meant increased investments in Gold. After hitting a high of 723.00 for the lead month futures back in May, Gold futures have fallen over $160, leading some to believe the precious metals bubble was over. Read More....