Weekly Fundamentals - Gold Strengthened on QE3 Speculations and Firm Official Demand
napara111Although the IMF succeeded in raising $430B for protection of financial stability, the market was not as excited as expected. Indeed, investors continued to worry about the sovereign debt crisis in the Eurozone which has shown signs of worsening. In the middle of the week, S&P’s lowered the credit rating of Spanish debts by 2 notches to BBB+, with a negative outlook.
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Weekly Fundamentals - Gold Strengthened on QE3 Speculations and Firm Official Demand
