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

Global economic worries sap gold’s rally

Posted on 02 December 2011

Gold futures settled lower after touching fresh two-week highs Thursday, as investor enthusiasm over central banks’ plans to cut the cost of borrowing dollars faded.
Gold prices rallied 2% on Wednesday after the Federal Reserve, the European Central Bank and several other central banks announced plans intended to boost dollar liquidity. However, gold prices gave up some of their gains as market participants reconsidered the move as a sign of deep-rooted problems in the global financial system………………………………………..Full Article: Source


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