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

All the big banks forecast a higher gold price this year

Posted on 29 April 2013

The spot gold price was holding onto its strong gains last week to hover around the $1,465 an ounce level in European trading on Monday.Gold suffered a $200-plus decline that began on Friday 13 April and accellerated into Monday when the metal dropped to multi-year lows of $1,326 an ounce.
Gold’s recent push higher breached important technical levels and the 50% recovery of recent losses is also a bullish signal for the gold market………………………………………..Full Article: Source


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VRS - who has written 36521 posts on Opalesque Commodities Briefing.


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