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Gold has been used throughout history as money and has been a relative standard for currency equivalents specific to economic regions or countries. Many European countries implemented gold standards in the latter part of the 19th century until these were dismantled in the financial crises involving World War I. After World War II, the Bretton Woods system pegged the United States dollar to gold at a rate of US$35 per troy ounce. The system existed until the 1971 Nixon Shock, when the US unilaterally suspended the direct convertibility of the United States dollar to gold and made the transition to a fiat currency system. The last currency to be divorced from gold was the Swiss Franc in 2000.trade4target systems are simply systems that base trades off of breakouts of recent consolidation areas.Since 1919 the most common benchmark for the price of gold has been the London gold fixing, a twice-daily telephone meeting of representatives from five bullion-trading firms of the London bullion market. Furthermore, gold is traded continuously throughout the world based on the intra-day spot price, derived from over-the-counter gold-trading markets around the world (code "XAU"). The following table sets forth the gold price versus various assets and key statistics:

On this Budget We feel the revenue estimates, at best can be considered hopeful. Looking at the precarious economic condition and a high current account deficit, Reports sugget a lot of issues remained unaddressed during the Budget session. As far as the foreign investor's perspective is concerned, The Finance Minister has taken a positive step forward in terms of foreign direct investment (FDI) and the economic openings under his leadership have also been quite encouraging. "We are also going to see the fisc balanced in a very nice way, with an imperative as well in acceleration of divestment of some of the public sector assets of the country and that's going to drive efficiency and productivity. So, I am quite bullish on this Budget... Read Full Report here- http://www.sharetips-capitalvia.com/budget-highlights-for-financial-year-2013-14/

The market will decide the slightly upward or slightly downward trend after RBI would announce its credit policy by optiontips.in. Ahead of the Reserve Bank's monetary policy review on Tuesday, bankers today said the central bank should focus more on growth as the country cannot afford economic expansion of below 5 percent. "The RBI could give a signal because it does not want growth to come below 5 percent" Stock Tips for today by optiontips.in For Medium to Long Term prospective Buy Mahindra and Mahindra Recommended Price: 890 Target: read more on: http://www.kyachadega.com/2012/10/nifty-remains-in-range-bound-of-5630.html

Crude Oil producing countries organization OPEC which is almost 40 percent oil supplyer of Today consumption of Crude oil has said the production of crude oil will not be decreased whether the price will decline... Read Full Trading suggestion for Crude Oil here- http://www.pinnaclefinancial.in/blog/mcx-crude-call-opec-refused-to-cut-oil-production/

The Italian Parliament definitely cleared on Wednesday a 54-billion-euro emergency budget plan aimed at balancing public finances by 2013 to shield the country from the risk of a debt crisis.

Oil-producing Russia should take advantage of high commodity prices to restructure its economy, the International Monetary Fund's executive board said Wednesday in its annual country survey.

The U.S. Treasury Department Wednesday announced that 61 community banks across the country received a total of 608 million dollars as part of the next wave of funding provided through Small Business Lending Fund,(SBLF), to help small businesses grow and create new jobs.

China's retail market is still growing at a rate of about 17% and Esprit thinks that it can double its sales in the country from last year's HKD793m by 2015.

Buy US Real Estate or property, you not only increase your value, but are also investing wisely and increasing the revenue of the country.

RCom - "Reliance Communications" is going to talk with shareholders of telecom operator Aircel for a potential merger of the wireless or mobile businesses for both of the companies. The idea is to mutually derive estimated substantial benefits of in-country consolidation, including operating expenditure (opex) & capital expenditure synergies & revenue enhancement, RCom told in a statement.

Indian Government for the last many years kept on trying to bring both citizens and business entity into proper tax fold to help the country broader citizen base. Unfortunately, the lack of initiation by the previous government always kept Indian taxation system under scanner.

Emerging nations have something the U.S. does not, major growth. While developed nations struggle with the plodding pace of growth and safe-havens at sky-highs, emerging economies offer a less traditional investment path.

Optimism over a solution to the European debt crisis and stabilized A shares on the Mainland fueled another round of sharp increases in strong turnover in Hong Kong.