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Commodities Briefing - Categorized | Bullion/Gold, Commentaries, Currencies more

Prices of Gold in the top 10 World currencies

Posted on 30 October 2008

From Dailyreckoning.com.au: The spot gold price sank in October, dropping right back to 13-month lows at $683 an ounce. After failing to breach $930, this collapse marked the third step lower from March’s all-time high of $1,032.

And from a technical perspective, the Gold Chart looks horrible - recording lower lows and lower highs for the last six months and more. Right? Well, fact is, the action has actually been greatly muted if we allow for the shocking volatility in gold’s No.1 competitor for “safe haven” funds, the almighty US Dollar….. Full Article: Source


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This post was written by:

VRS - who has written 34696 posts on Opalesque Commodities Briefing.


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