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MarketWatch: Gold Rises on Central-Bank Action

LONDON, 30 November 2011 - Comment from world-leading gold trading and ownership service BullionVault today features in a report from MarketWatch, the financial news site from Dow Jones.

One of the top 200 sites for US traffic, MarketWatch reports how gold prices jumped to a 2-week high following the joint central-bank intervention to support banking liquidity in North America, Europe and Japan.

The offer of "unlimited loans" in Dollars, Euro, Sterling, Yen, Swiss Francs and Canadian Dollars eased credit conditions worldwide, helping equity markets rise as the US Dollar eased back on the currency market.

"Central bankers know as well as investors that the rising Dollar has been horrible for stocks," MarketWatch quotes Adrian Ash, head of research at BullionVault in London.

"Gold's jump today is just a byproduct of their latest deflation-fighting."

You can read the full report at MarketWatch here...

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