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Commodities Briefing - Categorized | Bullion/Gold, Currencies more

Dollar’s weakness may cap gains in gold

Posted on 12 December 2012

Hopes of the US Federal Reserve Bank announcing more stimulus measures to boost economy could drive gold higher on Tuesday. However, the dollar’s weakness against a basket of major currencies could cap gains.
Economists say that the US Fed will announce purchase of bonds worth $ 45 billion after its meeting on Tuesday and Wednesday. This would mean pumping money in the US economy to improve employment prospects………………………………………..Full Article: Source


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