Red Signals Stop

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Markets have come under severe pressure once again. Shares took a hammering overnight as flashing red lit the trading screens and a subtle glow lined the broadsheets. The only winner in all this, as we have stated in the past, is gold. The precious commodity soared to a new record high of almost $1,825 an ounce. It appears the cause being poor US data yesterday. The once global powerhouse continues to struggle and bring down world markets with it. The UK did not escape the pain with shares in Lloyds, RBS and Barclays all dropping by around 10 per cent.

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