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All currencies declining against gold

Published: June 23, 2010; 00:00 · (Vindobona)

The demand for gold is still on the rise, says expert of First Bank Ronald-Peter Stöferle. The fact that gold is seen as a safe haven in times of crisis is ambiguous according to Stöferle.

All currencies declining against gold / Picture: © Flickr

Erste Bank expert Ronald-Peter Stöferle thinks that the rise in gold price is sustainable. He speaks of a bull market – “Gold bubble” is not in sight. By 2012 the gold price could rise to $2300.

The demand for gold is still on the rise, says expert of First Bank Ronald-Peter Stöferle. The fact that gold is seen as a safe haven in times of crisis is ambiguous according to…

This article includes a total of 410 words.

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