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Gold price up on safe-haven demand amid nervous marketplace

From kitco.com

Gold and silver prices are modestly higher in early U.S. trading Monday, as the precious metals are once again catching a bit of a safe-haven bid as the stock and financial markets remain very jittery. December gold was last up $4.90 at $1,676.80 and December silver was up $0.546 at $19.585. The marketplace is still uneasy to start the month of October, which history shows can be rocky for the stock and financial markets. There are reports and rumors swirling Monday morning that investment bank Credit Suisse may be in financial trouble. Global stock markets were mostly lower overnight. Markets in mainland China were ... (full story)

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  • Category: Fundamental Analysis