Pan American Metals of Miami Reports Gold Prices Rising but Volatile on Safe Haven Investment Demand by creditcardnewsupdates.com

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Pan American Metals of Miami Reports Gold Prices Rising but Volatile on Safe Haven Investment Demand
Pan American Metals of Miami Reports Gold Prices Rising but Volatile on Safe Haven Investment Demand
September 07, 2011
Nervousness drives prices up but market remains volatile.

MIAMI, FL - Gold broke back above $1900 yesterday based on safe haven demand. There is speculation that a European bail-out may not actually happen after all. German Chancellor Angela Merkel's plan to bail out Greece is facing considerable opposition from within Germany, prompting renewed fears that the euro may not be salvageable and this, combined with disappointing economic growth data in the US, is enough to boost support for gold as investors look for ways to safeguard their wealth.

Gold...
View more at: http://www.1888pressrelease.com/pan-american-metals-of-miami-reports-gold-prices-rising-but-pr-332697.html

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