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Commodities Briefing - Categorized | Bullion/Gold, Commentaries, Investment more

Good news is bad news for gold investors

Posted on 18 February 2013

Gold, the worst-performing precious metal this year, may drop below $1,600 an ounce in the next couple of weeks after breaking a key support level, according to technical analysis by Commerzbank AG.
Bullion for immediate delivery has fallen below the 2012- 2013 support line of $1,641.83 and will then test the January low of $1,625.85, Karen Jones and Axel Rudolph wrote in a weekly report dated Feb. 13………………………………………..Full Article: Source


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