A brand new season of OH MY GOLD on TLC

TLC will celebrate the love of gleaming gold with the brand new season of OH MY GOLD to be hosted by Nikita Anand.

Post By : IJ News Service On 17 September 2012 3:25 PM
The recent pull down in the US major financial institutions has spurred investment in gold as a safer option. The gold price increased by over 2.3 percent or $17.40 to $780.85. Investment in silver also increased over anxiety of the US financial markets stabilising. %% The crisis in US financial markets were fired up as Lehman Brothers, a major investment banking firm in Wall Street recently failed to secure a buyer for itself and subsequently filed for bankruptcy. Also investment bank Merrill Lynch and insurance giant American International Group (AIG) also showed a vulnerability to crumbling and reports add that Bank of America has shown interest in buying out Merrill Lynch for at least $38,25bn in stock. %% The USD and Asian stock markets have plummeted, with the dollar dropped 1percent against euro, adding to Friday’s fall, when the US currency suffered its biggest one-day slide against the single currency in the last six months. Industry experts add that as people rush to invest, gold may touch $820 to $830 in the near future. With Lehman failing to attract a financer, US consumers have rushed in alternate investments to guard their safety. However, as industry exports say, that in long terms, the situation is bearish, as gold has been soft with the dollar strengthening and the largest consuming nation, India, is showing bleak demand.

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