Gold Falls from 18-Month High, Stocks Retreat Slightly – Coin News
Individuals are selling as the deepest recession in more than 60 years sends the U.S. unemployment rate to the highest level since 1983. The slumping economy has erased $13.9 trillion in household wealth, according to the Federal Reserve. … Scrap gold represents about 25 percent of global supply, according to the World Gold Council in London. The interest in bullion has kept the influx of scrap from depressing the market, said Aronson, a co-founder of closely held …
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Gold Falls from 18-Month High, Stocks Retreat Slightly – Coin News
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