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Fundamentals “supportive for gold bullion” as quantitative easing “still has long way to go”

Posted on 28 February 2013

Gold Bullion fell slightly in Wednesday morning’s London trading, but held above the $1600 per ounce level it rallied above yesterday after Federal Reserve chairman Ben Bernanke told Congress that that Fed’s ongoing quantitative easing policy “is providing important support to the recovery” and that the benefits “are clear”.
Stock markets also posted gains this morning, making up some ground lost, while commodities were broadly flat and longer-dated US Treasuries gained………………………………………..Full Article: Source


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