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Commodities Briefing - Categorized | Bullion/Gold, Price Watch, Trends more

Why the gold price is falling far and fast

Posted on 19 December 2011

Having fought a stalwart battle above $1,700 and having seen over $1,900 this year, gold has not done as so many analysts have believed it would and risen through $2,000. Instead, here we’re headed down towards $1,500 to who knows where?
The stress in the financial markets has not stimulated safe-haven gold buying but has instead weakened the euro and indirectly helped drag gold lower. Prices have fallen to a point where investors with longstanding positions are liquidating some of their holdings to secure profits and momentum-driven traders are selling heavily………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 37214 posts on Opalesque Commodities Briefing.


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