Gold in Euros – January 2011 to Today Significant consolidation has been seen in the last year between €1,200/oz and the previous record high at €1,359.01/oz. This record high was seen almost exactly a year ago on September 9th 2011.
This consolidation will likely give rise to further weakness in the euro versus gold in the coming weeks. The record high shows an increasing lack of investor confidence in the single currency. (more)
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