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.
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Monday, February 11, 2013
Gold Falls
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1 comment:
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.
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