Monday, August 22, 2011

Gold surging with economic uncertainty in sight

Gold is rapidly rising breaking new records, with so much uncertainty in the US economy and European debt issue. With big economies like Spain, France and Italy facing the debt problem entering their countries, and European leaders especially German Chancellor Angella Merckel and French President Nicholas Sarkozy holding meet to come to decision.

Investors are finding safety in gold and yen for their safe haven qualities and equities are being sidelined. It can be said gold can reach $2500 an ounce by the end of the year if a solution to pull the US out of recession and bring Europe out of the debt crisis is not found.





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