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Gold Hits New High of $1,251.20 per Ounce

Gold Hits New High of $1,251.20 per Ounce

Filed under: Market Matters , Commodities , Currency The flight to safety is still on. Spot gold in London traded at $1,251.20 per ounce , setting a new all time high. One analyst, Edel Tully of UBS in London, said: “A number of external variables indicated that all is not well in financial markets and gold is benefiting as a result.” Another analyst, James Steel of HSBC, in New York stated: “The fact is sovereign risk is elevated.” Continue reading Gold Hits New High of $1,251.20 per Ounce Gold Hits New High of $1,251.20 per Ounce originally appeared on BloggingStocks on Tue, 08 Jun 2010 10:20:00 EST. Please see our terms for use of feeds . Permalink  |  Email this  |  Comments

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Will Gold ATMs Catch on?

As economic fears drive gold prices to new highs, the creator of a gold-dispensing ATM is attracting attention around the globe. Germany-based GOLD to go, which is currently churning out 50 gold machines a month to meet a recent jump in demand, launched its first ATM in Abu Dhabi’s Emirates Palace Hotel earlier this month and opened its second in Germany last week. The golden ATM’s next

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