Gold priced in euros, dollar, Pier-Alberto Furno, CEO and Senior Portfolio Manager, Nemesis Asset Management

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Euro-priced gold breaks through 1,000 euros/oz

LONDON, May 14, 2010 – Gold priced in euros broke through 1,000 euros an ounce for the first time in Europe today as the single currency extended losses to an 18-month low against the dollar.
“Despite the common belief that we are in a deflationary environment we are now seeing the return of inflationary pressures,” said Pier-Alberto Furno, CEO and Senior Portfolio Manager, Nemesis Asset Management.
“Inflation is upon us, and gold, as usual, is its most sensitive barometer.”

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