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Gold Investments Market Update
Fri, Sep 5 2008, 15:34 GMT
by Mark O'Byrne
GoldCore
GoldGold rose sharply soon after the poor unemployment report as the dollar fell and equities have again come under pressure with sharp falls in international markets.

The US economy appears to be slowing quite sharply as seen in the unemployment rate unexpectedly rising to 6.1 percent in August, its highest in more than 4 1/2 years. Employers cut payrolls for an eighth straight month and labor markets showed signs of accelerating decline.
A slowing US economy will likely lead to a lower dollar in the medium term which bodes well for gold. Foreign investors are less likely to buy US equities and bonds should the US fall into a recession, particularly if that recession is serious and accompanied by inflation and stagflation.
With gold demand internationally remaining extremely strong due to inflationary and macroeconomic concerns and uncertainty regarding the outlook for financial markets internationally, gold remains oversold and will likely resume its upward trend in the coming weeks.
Published on
Fri, Sep 5 2008, 15:36 GMT
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The information in this document has been obtained from sources, which we believe to be reliable. We cannot guarantee its accuracy or completeness. It does not constitute a solicitation for the purchase or sale of any investment. Any person acting on the information contained in this document does so at their own risk. Recommendations in this document may not be suitable for all investors. Individual circumstances should be considered before a decision to invest is taken. Investors should note the following: Past experience is not necessarily a guide to future performance. The value of investments may fall or rise against investors interests. Income levels from investments may fluctuate. Changes in exchange rates may have an adverse effect on the value of, or income from, investments denominated in foreign currencies. Gold and Silver Investments Limited, trading as Gold Investments is a Multi-Agency Intermediary regulated by the Irish Financial Regulator.