Terry Sacka Tells You Why All Fiat Currencies Have Always Gone To ZERO
GOLD SUMMARY 1/21/2015
- Gold climbed above $1,300 an ounce today for the first time since August as worries over the global economy and hopes of stimulus measures from the ECB fueled safe-haven bids.
- After shunning gold for two years, investors are returning to the precious metal, boosting prices 4.7% just last week.
- The IMF and World Bank’s weak global growth outlooks and SNB’s abrupt removal of franc’s euro cap last week are also prompting reasons to move into the commodity.
- ECB meets on Thursday, expected to set stimulus measures
- Dollar index weakens as yen gains*
- SPDR gold fund sees more inflows
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Precious metals prices 0752 GMT
Metal Last Change Pct chg
Spot gold 1299.6 6.04 0.47
Spot silver 18.22 0.29 1.62
Spot platinum 1279.49 5.09 0.4
Spot palladium 778.5 6.8 0.88
Comex gold 1299.6 5.4 0.42
Comex silver 18.24 0.284 1.58
Euro 1.1563
DXY 92.799
COMEX gold and silver contracts show the most active months
READ: Terry Sacka Discusses “BRICS Nations & the Impact on the U.S. Dollar Dominance
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