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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold hit by ‘death cross’; Nomura sees $1,025/oz

Posted on 25 February 2013

Gold prices in the UAE dipped to Dh144.50 ($39.35) per gram (18ct gold) over the weekend as the yellow metal continues to perform poorly in global markets. The yellow metal has seen its price appreciate in each of the 10 preceding years, at least by 5.4 per cent (in 2004) and at most by 30.9 per cent (2007).
However, the start of 2013 hasn’t been good for the gold buff, with the precious metal sinking 6.1 per cent in the first seven weeks, and a majority of analysts predicting further, much steeper declines………………………………………..Full Article: Source

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This post was written by:

VRS - who has written 37583 posts on Opalesque Commodities Briefing.


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