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

Gold rebounds above $1,700/oz on economic optimism

Posted on 26 October 2012

Gold rose above $1,700 an ounce on Thursday, a day after it fell under that, in reaction to encouraging United Kingdom GDP growth data and expectations the Bank of Japan will further loosen its monetary policy.
Bullion, a traditional inflation hedge, rose after data showed Britain posted its strongest quarterly economic growth in five years, although temporary effects may have masked a weaker underlying picture………………………………………..Full Article: Source


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