Monday, February 11, 2013

Gold Falls

February 11, 2013
Gold Falls as Investors Await G-7 Announcement on Currency Devaluation
Gold prices tumbled on the New York Spot Market in morning trading as investors moved to the sidelines to await news from the G-7 summit on the looming currency wars. A number of nations, including the U.S., Japan and China, have adopted policies which devalue their currencies to bolster their economies. The so-called G-7 nations are reportedly discussing a commitment to "market-determined" exchanges rates.

1 comment:

Anonymous said...

Seems like every time I need to cash in a bit of my retirement metals, they beat me to the punch by manipulating the prices down into the basement.