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Commodities Briefing - Categorized | Bullion/Gold, Performance more

Gold rebounds as prices at cheapest in four months spur demand

Posted on 07 January 2013

Gold gained, rebounding from the worst run of weekly losses since 2004, as a drop to the cheapest in more than four months lured buyers amid record low interest rates in the U.S. Silver, platinum and palladium advanced.
Spot gold rose as much as 0.3 percent to $1,660.50 an ounce, and traded at $1,660.25 at 10:20 a.m. in Singapore. Bullion tumbled to $1,625.85 on Jan. 4, the lowest price since Aug. 21, after minutes from the U.S. Federal Reserve indicated that its bond-buying program may end this year………………………………………..Full Article: Source


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