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Gold: Going nowhere fast ahead of 2013

Posted on 03 December 2012

What a fuss over nothing! Gold crept back Friday morning to right where it stood before last Friday’s sudden 1.4% jump, trading at $1730 the ounce. That meant it also unwound half of this week’s sharp 2.0% plunge from Wednesday. It also puts the gold price in US Dollars right back where it stood a month ago. Which is also where gold stood 12 months ago, at the start of December last year.
And then it went and slumped $15 again, taking gold pretty much right back to its monthly average for November………………………………………..Full Article: Source


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VRS - who has written 37629 posts on Opalesque Commodities Briefing.


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