Gold is trading in the 24 hour spot market at $863.20 up $85.50 per ounce.
On news of the 7 day freeze on redemptions of a money market mutual fund, investors are seeking complete safety, gold is soaring and money is pouring into treasury bills. The current yield on 3 month T-blls is 0.558%--the lowest level since 1954.
-EPJ Newsdesk
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