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

The year the gold bull market died

Posted on 02 April 2013

2012 was a bull year for gold in number, says the CPM Group but, by other measures, the bull-run ended in 2011. Writing in the 2013 edition of its Gold Yearbook, the metals consultancy points out that, while the gold price rose 6.2% on an average basis, prices were unable to revisit the 22 August 2011 settlement peak of $1,889.70.
“Prices actually only moved between $1,525 and $1,800 last year, compared to a steady rise from $1,300 to $1,920 in the first eight months of 2011,” it writes………………………………………..Full Article: Source


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