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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Gold declines on rally to record price, signs of improving economy in U.S.

Posted on 29 March 2011

Gold declined for a third day in New York as some investors sold the metal after its rally to a record and on signs the U.S. economy is improving. Silver, platinum and palladium also fell.

The U.S. economy grew at a 3.1 percent annual rate in the fourth quarter, revised up from a 2.8 percent estimate issued last month, data showed March 25. A Federal Reserve official said the central bank may scale back its monetary stimulus…………………………………….Full Article: Source

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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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