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Gold has resistance at USD 1792: Microsec

Posted on 04 October 2012

Microsec has come out with its report on Gold and Silver. According to the research firm, gold and silver could resume their upward trend especially if the minutes of the FOMC meeting and Bernanke’s speech will contribute to the speculations that the Fed could consider additional monetary steps in the near future.
Gold edged down during last week by 0.26%; further, during said time the average price reached $1,767.8 /t. oz which is also 0.26% below the previous week’s average. Gold finished at $1,773 /t. oz. Silver also slipped on a weekly scale by 0.18%; further, the average rate decreased by 1.09% to reach $34.22/t oz compared to the previous week’s average rate………………………………………..Full Article: Source


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