Why Is Gold Going Down In This Inventory Market Stress
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In the end, it may appear that this crisis is 1 of higher unemployment and extremely reduced growth for the foreseeable long term. These things are not good for gold. It may really turn into a fall to $800 an ounce. But there is an upward price trend for gold that is primarily based on solid fundamentals. Gold investors didn't make any complaints. Much more than that, since the Greek crisis started, there is a huge improve of physical demand in gold. On a medium and long phrase, the yellow steel stays a safe-haven.
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