Thursday, 17 January 2013

Gold finds support in U.S. debt limit delays, stimulus measures

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More at http://daily20pips.blogspot.com/2013/01/gemma-merna-in-bedroom-lingerie.html
The U.S. Comex gold futures continued to rise this week, jumping 1.40% after rising 0.71% last week. The S&P 500 index has been flat while the Euro Stoxx 50 index has dropped 0.60% this week. The MSCI all-country index returned 3.12% during the first half of January, which is a very respectable start. The CRB Commodity index has risen 0.89% so far this year while the Dollar Index is flat. The currency in the spotlight has been the Yen, which has weakened about 2.3% against the dollar, and about 2.8% against the gold futures this year.

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