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Commodities Briefing - Categorized | Bullion/Gold, Performance more

Gold headed towards $1700, silver outperforms Gold

Posted on 22 January 2013

US Gold futures for February delivery closed at $1687 per ounce while silver outperformed the yellow metal having reached the highest levels at 31.93 but both metals aren’t providing any clues about its behaviour-whether it is trading as a safe haven asset or risk asset.
On expectation of further stimulus measures and US debt ceiling talks, gold advanced to a one-month high on Friday. The price of gold in the global markets headed towards $1,700 this week. In India’s Multi Commodity Exchange, gold movement is showing sideways to negative trend trading below 20 day average of Rs 30820.50/10 gram levels………………………………………..Full Article: Source


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VRS - who has written 38189 posts on Opalesque Commodities Briefing.


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