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Marc Faber, Jim Rogers and other experts on the gold price crash

A round-up of thinking on gold yesterday from our friends at Agora Financial who contacted just about all ArabianMoney’s favorite gold gurus. Thanks guys… ‘I love the fact that gold is finally breaking down,’ says the inimitable Marc Faber, turning our attention back to the markets. ‘That will offer an

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Cyprus must approve €400mn gold sale – Finance Minister

Cypriot Finance Minister Haris Georgiades forecasts a sale of ‘excess’ Cypriot gold reserves ‘during the next months’, but the Central Bank remains opposed. The Finance Minister says he believes the government’s gold sale of €400 million ($525-million), of ‘excess’ gold reserves in order to secure 10 billion euro aid from Cyprus’s

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Gold's Plunge Is Happy News for India's Brides and Economists

The stunning fall in gold prices couldn’t come at a better time for Indian consumers. It’s wedding season in India, the world’s biggest buyer of gold, and this is a traditional time for people to give gold to brides or to wedding guests. Moreover, next month is the Akshaya Tritiya

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Euro zone Turns and US Twist (Operation Twist) moves the market

This month started with markets seeing huge sell off across the asset class (from commodities to equities).Investors moved to safe havens and we saw safe havens like Dollar and Yen gain the most. Since the US dollar is by far the most important financing currency, it benefits most from increasing

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Gold Rebounds To Settle Nearly 2% Higher

Gold futures rebounded to settle higher Tuesday mostly on some bargain hunting, after the precious metal tumbled to a more than 2-year low yesterday. Gold has been under pressure after three major analysts slashed its price forecast, coupled with the debt crisis in eurozone as reports indicated Cyprus is likely

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G20 may discuss gold prices in context of broader global outlook

Finance minister and central bankers from the world's leading economies will discuss asset prices at their Washington meetings this week, but the surprising drop in gold is not a specific item on the agenda, a senior Canadian finance official said on Tuesday. The official said discussions on the economic and

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Gold's Plunge Is Happy News for India's Brides and Economists

The stunning fall in gold prices couldn’t come at a better time for Indian consumers. It’s wedding season in India, the world’s biggest buyer of gold, and this is a traditional time for people to give gold to brides or to wedding guests. Moreover, next month is the Akshaya Tritiya

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6 reasons for gold’s massive selloff: HSBC

It hasn’t been a great time for gold over the past few days. Some people are even calling it a slaughter. And with gold futures GCM3 -0.40% on Monday experiencing the biggest one-day percentage drop since February 1983, it’s fair to say that something drastic has happened to the metal,

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A History of Exchange Rate Regime – Alasdair McLeod

It’s almost as if currencies are designed to confuse you. In fact, sometimes they even lie to you. Take the pound sterling for example; each 5, 10, 20 and 50 pound note assures you, the esteemed owner, the gracious right to redeem it for… 5, 10, 20 and 50 pounds

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Gold sales surge 6% in 2012: WGC

Gold sales registered a six per cent growth in 2012 despite spurt in the precious metal’s prices in recent years, a top official of the World Gold Council said today. The total sales volumes of gold for 2012 stood at Rs 2.47 lakh crore and total quantity of gold sold

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