Quote: Gold prices rose on Friday along with the euro after leaders at a European Union summit struck a deal to cut borrowing costs for Spain and Italy, but stayed on track for their biggest quarterly drop in eight years after a dire performance in May and June.
I found the opening sentence in this article to be most interesting. The Europeans strike a deal (or so they say) to reduce the borrowing costs of Europe's two largest debtors (so far), yet the gold price rises? Does this not seem counter-intuitive? One would think that progress on European debt problems would be seen as a positive thing for paper assets and a negative one for gold... but apparently not so.
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