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Commodities Briefing - Categorized | Bullion/Gold, ETFs / ETCs, Market Moves more

Gold headed for worst quarterly run since 2001 amid weak demand

Posted on 28 March 2013

Gold headed for a second quarterly loss as holdings in exchange-traded products fell by the most on record and the dollar climbed on prospects for a U.S. recovery, eroding the metal’s allure as an alternative investment.
Bullion for immediate delivery traded little changed at $1,605.97 an ounce at 10:48 a.m. in Seoul from $1,605.25 yesterday. Prices have fallen 4.1 percent this quarter in the first back-to-back quarterly losses since 2001. The metal touched $1,555.55 on Feb. 21, the cheapest since July 2012………………………………………..Full Article: Source


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