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

Gold uptrend intact, bullion sentiment buoyed by inflation fears

Posted on 24 September 2012

Wholesale gold bullion prices held above $1770 an ounce Friday morning in London, a few Dollars below six-month highs hit earlier in the week, while stocks and commodities were also broadly flat ahead of a meeting between the leaders of Spain and Italy, with press reports suggesting plans are being discussed for a Spanish bailout.
Heading into the weekend, spot gold would make its fifth straight weekly gain if it closes above $1770 per ounce later today, while gold in Euros remained within 1% of last year’s all-time high this morning………………………………………..Full Article: Source

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