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Why gold prices shine as gold miners ETFs lose luster

Posted on 15 November 2012

Gold prices regained their shine Wednesday while gold miner ETFs lost their luster on safe-haven buying in the bullion in the face of rising fears in the stock market.
Spot gold prices added 0.10% to $1,727.70 an ounce. SPDR Gold Shares (GLD), tracking a 10th of an ounce of bullion, rose 0.04% to 167.16. It’s consolidating below its 50-day moving average. But it has pulled back just 3% from its 52-week average, which is considered normal in an uptrend………………………………………..Full Article: Source


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VRS - who has written 38163 posts on Opalesque Commodities Briefing.


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