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Gold mining ETF slump continues

Posted on 03 April 2013

Gold prices finished Tuesday lower once again, as futures for June delivery dropped more than 1.5% on the session. This pushed the precious metal below the $1,600/oz. mark once more , and led to renewed worries over a further slump in the commodity’s price going forward.
This is especially true given the robust level of dollar strength in the market, and the continued bullishness in the equity world, factors that are dulling safe haven appeal across the board. In fact, this somewhat unusual combination has devastated gold prices so far in 2013, pushing the commodity down by nearly $100/oz since the start of the year………………………………………..Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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