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Recent optimism “making gold’s safe haven properties redundant”

Posted on 12 February 2013

U.S. dollar gold prices fell to a one-week low Monday morning in London, dropping to $1,660 per ounce, as dealers in Asia reported quiet trading, with China celebrating the Lunar New Year holiday.
“We are neutral [on gold] until the current consolidation resolves itself,” says the latest technical analysis report from bullion bank Scotia Mocatta. Silver fell to $31.27 an ounce — its lowest level in nearly two weeks — while stocks were broadly flat and commodities edged lower as the Dollar strengthened………………………………………..Full Article: Source


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