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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Chinese buying may prop up gold

Posted on 11 January 2013

Gold is likely to range-bound in the domestic market on Tuesday as it could be caught between price rebounding in the global market and a drop in the dollar. In early Asian trade, gold increased to $1,653.05 an ounce after having dropped below $1,650 in overnight trade. Gold for delivery in February, however, was quoted at $1,648.80.
The yellow metal gained in Asia on signs of buying by China that is fast turning out to be the biggest buyer in the global market………………………………………..Full Article: Source

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


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