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Gold to consolidate, rise

Posted on 19 November 2012

Comex gold futures ended lower on Friday as uncertainty on the outlook for the global economy dragged on prices. The euro zone debt crisis dragged the block into its second recession since 2009 in the third quarter despite modest growth in Germany and France, data showed on Thursday.
The markets are on their toes due to the looming “fiscal cliff” phenomenon, as it could push the US economy back into recession. Prices gained slightly on Friday as markets rose amid on-going missile strikes between Israel and Gaza………………………………………Full Article: Source


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