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Commodities Briefing - Categorized | Bullion/Gold, Trading, Trends more

Gold heads for worst quarterly run since 2001 on U.S. economy

Posted on 27 March 2013

Gold, trading little changed after dropping for three days, headed for the first back-to-back quarterly losses since 2001 as signs that the U.S. economy is recovering cut demand for the metal as a store of wealth.
Gold for immediate delivery was at $1,599.46 an ounce at 9:50 a.m. in Singapore from $1,600.05 yesterday. Prices have lost 4.5 percent this quarter as holdings in exchange-traded products fell 6.8 percent, the most on record. Bullion for June delivery gained 0.2 percent to $1,599.80 an ounce on the Comex………………………………………..Full Article: Source


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