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Commodities Briefing - Categorized | Bullion/Gold, Performance more

Gold is seen outperforming as fiscal cliff to hurt metals

Posted on 13 November 2012

Gold prices are poised to gain while base metals may decline in the short-term because of concerns about the so-called fiscal cliff in the U.S.
U.S. stocks saw the biggest weekly decline since June last week amid investor concern that the U.S. economy may slow if President Barack Obama and Congress fail to avert $607 billion in tax increases and spending cuts next year. Gold futures on Comex had their best week since January, gaining 3.3 percent, as the London Metal Exchange Index of six main industrial metals declined to the lowest since August………………………………………..Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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