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MAY 10, 2013 - Zero Hedge

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Abenomics Brings Currency Wars to G7 Talks

    Today’s AM fix was USD 1,449.25, EUR 1,114.12 and GBP 941.62 per ounce.  Yesterday’s AM fix was USD 1,469.50, EUR 1,118.68 and GBP 944.59 per ounce.  Cross Currency Table – (Bloomberg) Gold fell $16.40 or 1.11% yesterday to $1,456.20/oz and silver finished down 0.92%. As the global economic slump continues central bankers, such as Mario Draghi, and politicians have vowed “to do whatever it takes” to get economies back on track. Such policies while having near term benefits are considered extremely risky in the longer run by many commentators as they could beckon ... Read More

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