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Email this article: Gold on track to fulfill its multiple roles
Posted: Fri April 13, 2012 10:37 am
INTERNATIONAL. While investors and traders are speculating whether the U.S. Fed will engage in QE3 or not and where gold price may head, the Euro crisis still has a major bearing on gold price.
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SAUDI ARABIA. Saudi Arabia will need to keep cutting oil output to sustain prices above US$100 a barrel, according to BNP Paribas and Societe Generale; "We are swimming in crude, and they know that better than anyone because they are the biggest exporter."
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