Sentiment deteriorated rapidly on Friday amid renewed fears the Greece may default although officials in the country reaffirmed that the progress of the debt roll over scheme ‘is satisfactory’ and things are advancing in a positive manner’. Economic outlook in the Eurozone as a whole remained worrisome. Top ECB official Juergen Stark resigned on Friday after the ECB delivered a dovish September statement a day ago.
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Weekly Fundamentals – Gold to Get More Appealing as Economic Outlook Deteriorates, SNB Intervenes
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