Gold closes lower for the first time in November |
News - Financial News | |||
Written by Hugh McManus | |||
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November 12, 2009: Gold closed lower today for the first time in November. Gold, the perennial also ran that seems to fool even seasoned investors, has enjoyed a run up recently. The run up in price is influenced mostly by the huge aquifer of liquidity created by the Fed in response to the financial crisis. This increased liquidity, historically, has acted as a precursor for inflation and gold is the traditional investment hedge against a sustained increase in prices.
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