OTTAWA — Canada’s loonie may have slid well below parity during the past few months, but it has room to fall before reaching it’s true value at under 90 cents US, according to a new measure on global currencies.
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Gold to hit $2000 in 2013: Gold trader
While optimism that a deal will be reached before the U.S. “fiscal cliff” kicks in at the beginning of next year has helped push down the price of gold, one gold trader believes the safe haven will remain strong and reach the $2,000 US mark in 2013.
Paul Sacks, principal gold trader at Aurum Options Strategies, says even if U.S. President Barack Obama and Republicans come to an agreement before the January 1 deadline to avert a fiscal crisis, another stumbling block is just around the corner.
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