Saturday, 13 August 2011

US Debt, Bank Closures and Russian Gold Purchase Raise Demand for Gold…

The price of gold is expected to increase to a day until an agreement is reached by the House of Representatives according to Regal Assets. While most investors remain optimistic that there will be a deal reached by the deadline, the topic is causing other areas of the US economy to be exposed such as state debt and bank closures.
According to the FDIC three banks were closed on Friday by the regulators taking the count of U.S. bank closures in 2011 to 58 averaging

Live India

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