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Gold bubble ‘unlikely at current prices’

Posted on 29 October 2012

Gold is not in a “bubble” at current prices, says a leading analyst. The precious metal is up 9.7 percent this year. Gold closed on Friday at $1,716/oz on the London Bullion Market, flat over the previous day’s $ 1,715.50/oz.
Commodity prices ended broadly lower on Friday as weakness in corporate earnings reports dimmed the outlook for the US economy. Deutsche Bank AG favors precious metals and is neutral on oil and industrial metals, Michael Lewis, head of commodities research at the bank, was quoted as saying by the Bloomberg news agency at the World Commodities Week conference in London………………………………………..Full Article: Source


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