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

Gold market needs time to heal – UBS

Posted on 30 April 2013

The recent collapse in gold prices has forced UBS to downgrade its price expectations, not just for gold, but also for the whole precious metals complex.
According to the bank, the forcefulness of the recent correction was, in many ways “baffling”, even when the negative factors like concerns around Cyprus are taken into consideration.In a note out this morning UBS says sentiment toward the metal has been dealt a severe blow. With some concerned about gold’s credibility as a safe haven after the violence of the recent sell-off………………………………………..Full Article: Source


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