Re: Gold Price Suddenly up $30.00...Here's why..

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TODAY'S DISCOVERY, TOMORROW'S FUTURE

Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.

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Portee44

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Re: Gold Price Suddenly up $30.00...Here's why..

in response to

Gold Price Suddenly up $30.00

Montrose2

posted on Jun 29, 2012 07:40AM

Monty..

Again Urrup is the tail wagging the dog...

Gold prices rally 2 pct as wider markets surge14 minutes ago by Thomson Reuters

LONDON, June 29 (Reuters) - Gold prices rallied 2 percent on Friday and were on track for their biggest one-day rise since Jan. 6 as a deal to shore up banks and cut borrowing costs at a European Union summit sparked a surge in assets.

The euro, stocks and industrial commodities like crude oil all rose.

Spot gold was up 1.9 percent at $1,580.50 an ounce at 1120 GMT, while U.S. gold futures for August delivery were up $30.70 an ounce at $1,581.20. (Reporting by Jan Harvey; editing by Jason Neely)

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