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concerns of deflation supports gold

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12/19/09 19:03

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concerns of deflation supports gold

The gold price had recovered just a portion of yesterday’s large decline, and this was while the United States' dollar had opened as relatively unchanged, versus the euro.~~

The price of gold had traded up a little over nine dollars up to eleven hundred and four dollars and seventy cents. This was in spite of the fact that the United State's dollar index hit, had fresh three month highs earlier this morning.

As to whether or not the recent advance is the beginning of an important trend change, debate is currently stirring.

Link: Gold Price Steadies at 1100 Deflation Concerns Support

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