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Gold May Gain Over Greece’s Finances

Problems with finances are fuel to gold – if those having the problems are big enough. Well, Greece is experiencing problems which leads some to believe it will be gold-positive. Here is an excerpt from Bloomberg: "European finance ministers meet today to discuss Greece’s budget deficit. The country’s worsening finances last month prompted credit-rating companies to cut its creditworthiness. The U.S. Dollar Index, a six-currency gauge of the greenback’s strength, fell as much as 0.3 percent today. Gold typically moves inversely to the dollar." Read more here: Bloomberg

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