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Commodities Briefing - Categorized | Bullion/Gold, Trading more

Gold finds buyers, but bears still in control

Posted on 25 February 2013

Gold futures prices are trading near steady in early U.S. dealings Friday. The market is pausing following the recent downside rout in prices that saw gold hit an 8.5-month low Thursday. The bears are still in near-term technical command in gold and silver markets.
The U.S. dollar index is slightly lower early Friday but is hovering near a three-month high. The U.S. dollar bulls have gained strong upside technical momentum recently, to suggest the dollar index has put in a market bottom and that prices can trend sideways to higher in the near term………………………………………..Full Article: Source

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


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