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Gold Approaching $1900 an Ounce
08/19/2011
European stocks and US equity futures pared losses after an EU official said that legislation may be drafted to issue euro bonds to stem the region’s various debt crises. Commodities continue their strong push as gold is approaching $1,900/ounce. Currently, the Ten Year yield is at 2.08% (2.09% yesterday) and the 2-10 yield spread is at 188bps, flattening 2bps since yesterday morning.





