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

Gold caught between global rise, dipping dollar

Posted on 31 October 2012

Gold is likely to rule steady on Wednesday, caught between rising prices of the yellow metal in the global market and a drop in the dollar value. Festival buying, on the other hand, will cap any likely fall in the precious metal.
Any drop in the dollar will make imports cheaper and exports costly. Gold opened higher in Singapore at $ 1,711.09 an ounce but the dollar fell against the euro in the aftermath of Hurricane Sandy lashing New York………………………………………..Full Article: Source


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VRS - who has written 36685 posts on Opalesque Commodities Briefing.


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