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The price tag on gold rises, The rise of the price tag on gold

Gold and silver stable The Euro does not manage to suffer from the downgrade of France, as you probably already expected by the markets. AccendoMarkets Gold also stable with + 1% from earlier this week. The central banks in India are determined to prohibit loans for the purchase of gold in different form. Why Gold and Silver investments will continue to be more 'powerful in the coming years?. The price of precious metal rose above $ 1, 730 an ounce during the morning session of the particular London market on Thursday night. This is an increase of 1% compared to earlier this week, while the euro has kept increases made signs yesterday despite news from the downgrading of France. The silver in the meantime was trading around $ 33. 20 an ounce, 3% or more in more than by the end of last week. Most equity markets have gone at a loss this morning, with the exception of the DAX. The raw materials possess remained largely unchanged. Last night, Moody's has therefore become the second rating agency to downgrade France in 2012. The downgrade was coming from Aaa to Aa1, it is therefore just one level. The outlook remains unfavorable. The reasons for the actual downgrade, Moody's cites lack of competitiveness and also the deteriorating economic outlook. Moody's adds that the fact France is the Euro, and as such does not have any monetary sovereignty, could cause difficulties in the event of increase of the interest on the loan. "As far as the interest on the loan are already basically contained so significantly, Moody's expects that the situation could change in case of a new market variances, " it said in a statement the rating Accendo Markets agency.

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