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

Carney says gold price plunge no signal on global economy

Posted on 18 April 2013

Bank of Canada Governor Mark Carney said plunging gold prices this week aren’t necessarily a clear signal about the prospects for the global economy, saying base metals tend to be a better guide.
“You had a curious situation this week where there was an adjustment at a time when there was some surprise in economic data, so I would say that that’s more reflecting the specific market dynamics within that market,” Carney said at a press conference today in Ottawa…………………………………Full Article: Source


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