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Commodities Briefing - Categorized | Bullion/Gold, Investment more

Several managers plan to cut exposure to gold

Posted on 05 February 2013

Fund managers’ ardour for gold is cooling as the threat of a catastrophic event in the world economy recedes and expectations of a gradual economic recovery grow, fuelling demand for other assets.
Gold prices have traded in a broad sideways channel between $1,525 and $1,800 an ounce since falling back from a record $1,920.30 in September 2011, and have repeatedly failed to break back above $1,700 this year……………………………………..Full Article: Source


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