Weak Jobs Report Saves Gold Bulls' Hides

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States Push 'Gold Standard' as Confidence in Fed Wanes

April 8, 2013 6:57 AM EDT

With recent U.S. economic data hitting a bit of a plateau, including last week's nonfarm payroll miss, many states are turning a distrust in the Fed into a new gold standard. Literally.

Following Utah's passage of a bill in 2011 which recognizes gold as legal currency, many other states are vying for the same... More