\25 Press Releases\
October 17, 2011 - MIAMI, FL - Gold prices continued to rise again today and are slated to be even higher next week. Apart from the ongoing crisis in the euro zone, economic news from the US this week was the worst since September 2010. According to the Weekly Leading Index growth indicator of the Economic Cycle Research Institute (ECRI), the US posted the weakest growth figures in 57 weeks, with a reading of minus 9.6%; this in itself should be enough to set investors clamoring in search of a safe haven. The ECRI claims that, while it is too early to establish a definite trend, the US appears to be heading for a new recession.
Traders in gold bullion are predicting a bullish trend in view of slowing growth, Europe's debt issues and a bear market in equiti...
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