Daily Archives: December 13, 2005

GOLD & RED

If you’re scratching your head in search of a reason why gold prices surged again yesterday, reaching nearly $540 an ounce, try reading the latest Monthly Treasury Statement for inspiration. Among the numerical revelations imparted in this accounting of government finances is the news that the federal budget deficit last month was the largest ever for a November, David Resler, chief economist at Nomura Securities in New York, wrote in a research note to clients yesterday.

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