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Re: the long haul post# 28507

Tuesday, 01/13/2015 5:38:18 AM

Tuesday, January 13, 2015 5:38:18 AM

Post# of 36470
The gold price is continuing its upswing of recent days and has climbed to around $1,245 per troy ounce, its highest level since October 2014. Gold in euro terms has likewise risen further to a good €1,050 per troy ounce. Silver is being pulled up by gold and has gained disproportionately to a monthly high of above $17 per troy ounce. Clearly, gold and silver are in increased demand as safe havens at present in view of the slump in oil prices and the losses suffered by base metals.