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Gold 6yr high { January 7 2003 } Original Source Link: (May no longer be active)    http://www.guardian.co.uk/business/story/0,3604,869962,00.html http://www.guardian.co.uk/business/story/0,3604,869962,00.html Investors go for gold as Iraq digs in Charlotte Denny Tuesday January 7, 2003 The Guardian Rattled investors piled into the haven of gold yesterday after the latest show of defiance from Iraq made war in the Middle East more likely. hovered near two-year highs and gold prices hit a six-year high as geopolitical worries dominated the world's trading floors. "Gold should remain firm for some time to come with the threat of war between the US and Iraq and/or North Korea," said James Moore, metals analyst at TheBullionDesk.com. Gold has risen by nearly 30% over the past year to $356.25 an ounce yesterday, its highest level since March 1997. Prospects of another Gulf war and fears over further attacks like the September 11, 2001 assaults on US landmarks drove the demand. "Gold is the current investment of choice ... There is general uncertainty in world affairs and Iraq characterises people's fear of uncertainty," said Peter Hillyard, head of metal sales, Europe for ANZ Invest ment Bank, adding that gold had the potential to go to $375. Fears that a war against Iraq could add to the pressures on the US economy also undermined the dollar, which hit a three-year low against sterling and brushed last week's multi-year lows against the euro and Swiss franc. Analysts said the dollar was vulnerable to war fears because global investment flows tend to slow when investor worries increase, making it harder for the US to fund its huge current account deficit. "The geopolitical concerns which continue to intensify will dampen dollar sentiment further," said Mitul Kotecha, head of global foreign exchange research at Credit Agricole Indosuez. "Markets believe we are approaching some sort of action." Investors jumped on the "sell dollar" bandwagon, knocking the greenback down more than half a per cent to $1.0483 against the euro, a quarter-cent from last week's three-year low. The pound went to $1.61 against the dollar, its highest level since February 2000.

2001-crash 2002-early-fall 2002-wrapup 2003 2004 2005 2006-jan-aug 2006-sep-dec 2007-aug-dec 2007-jan-may 2007-jun-jul 2008-jan-may 2008-jun-jul jobs real-estate vet-benefit-cuts 2002 worst 25 years { December 31 2002 } Adjustable rate mortgages will be time bomb for low income { July 25 2004 } American class immobility { December 1 2003 } Americans income shrank for two years { July 29 2004 } Americans overworked since 1950 Americans spend all and save lowest since 1930s { February 1 2007 } Americans wages reduced in 2005 { January 19 2006 } Americans work ninie weeks more than europeans { August 2 2005 } Budget deficit over 2 trillion 2004 { September 7 2004 } Buffet lashes out against derivatives Bugget disarm derivatives now { March 5 2003 } Bush aide says outsourcing a good thing Bush blames economy on tv war coverage { August 2 2003 } Cities face more hungry homeless { December 14 2004 } Controversial overtime rules take effect { August 23 2004 } Corporate profits overshadow wages in GDP { August 28 2006 } Cost of insuring workers health increases 11 perc { September 10 2004 } Defense spending drops buy america { January 4 2006 } Depend japan { December 22 2001 } Disposable worker conditions Fast food classified as manufacturing job { February 20 2004 } Future chronic deficits { May 28 2003 } Gold 6yr high { January 7 2003 } Greenspan urges cuts in social security { February 26 2004 } Greenspan war threat hurts economy { February 11 2003 } Greenspan warns natural gas outlook { June 11 2003 } Greenspan warns of retirement benefit cuts { August 28 2004 } Half americans will use food stamps { August 25 2004 } Health insurance costs rise faster than wages { September 28 2004 } High class families outpacing incomes state by state { January 26 2006 } Homeless vets 500 000 year Income gap between black and white grows { October 2007 } Inflation deflation yes Larouche brings message of financial doom { May 14 2004 } Long communtes dragging american economy { July 28 2006 } Long heightened terror alerts too expensive { August 4 2004 } Long working hours erode family life { September 3 2004 } Mcdonalds first loss Mcdonalds suffers losses Minimum wage unable to pay rent in america More blacks extreme poverty { May 1 2003 } One third homeless veterans { August 31 2003 } Outsourcing doubled in last four years Over million more americans in poverty uninsured Pentagon to end buy american { May 22 2003 } Permanent jobs are elusive { October 11 2004 } PublicRadio MarketPlace 5 12 2006 inflation [mp3] Report calls US healthcare expensive and inefficient { May 15 2007 } Report says 10 thousand work in forced labor { September 25 2004 } Returning troops have lost their jobs { August 16 2004 } Rich poor income gap widens { January 27 2006 } Savings rate lowest since great depression Sector change from aerospace to retail hubs { December 24 2004 } Senate gop blocks minimum wage hike { July 12 2003 } Shooting messenger { January 3 2003 } Small indiana town in political fight over outsourcing { April 4 2004 } States 40b 2003 deficit United states lost 1 5m jobs to china in 14 years Us economy pot porn over corn { May 2 2003 } US high in UN child poverty table { March 1 2005 } Us japan bubble { October 2 2002 } US trade deficit tops half trillion as farming imported Working poor struggle to make ends meet { May 3 2004 } Files Listed: 63

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