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Gold is a prized commodity for its shiny yellow color, its conductive properties for industrial use and its resistance to corrosion. It is widely used in gold jewelry and as a monetary commodity. Regarding the latter it is actively traded as gold commodity or gold bullion on gold commodity exchanges around the world. Stockpiled by the treasury department in the United States and by governments and individuals around the world as a gold hedge against inflation and political instability. 


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PRECIOUS-Gold dips as dollar steadies after oil price slump - Reuters


PRECIOUS-Gold dips as dollar steadies after oil price slump
Reuters
May 26 Gold edged lower early Friday as the dollar steadied due to weakness in commodity currencies after an extension of output curbs by OPEC and other producing nations left investors hoping for bigger cuts disappointed. FUNDAMENTALS * Spot gold ...

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Fri, 26 May 2017 01:39:05 GMT

Bitcoin Twice as Expensive as Gold as Buying Frenzy Bites: Chart - Bloomberg


Bloomberg

Bitcoin Twice as Expensive as Gold as Buying Frenzy Bites: Chart
Bloomberg
The cryptocurrency is now worth almost double an ounce of gold, with a single coin priced at about $2,450. While both are sought as a financial haven in times of political and economic uncertainty, industry executives say the surge in bitcoin is also ...

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Fri, 26 May 2017 01:23:06 GMT

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