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'Worst of recession is over' gold investing

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Worst of recession is over

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08/19/09 08:02

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Worst of recession is over

There are several different interpretations for the rise in the price of gold and other precious metals prices in the last several months. One, perhaps the most widely held, is that it has revolved around recession issues and the need to invest in a strong, "hard", commodity.~~ This interpretation may be backed up by the slow down of said price increases when announcement have been made to the effect that recent events point to "a sustained if slow recovery from the recession", and that there has been "strong U.S. pending homes sales." Is the worst over?

Link: PRECIOUS-Gold steadies below 2-month high, ETF unchange

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