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

Gold bullion “could retest $1322″, Central Banks “primed to pull trigger” on more monetary easing

Posted on 13 May 2013

Gold bullion fell to a two-week low Friday, drifting lower towards $1440 an ounce during this morning’s London session before dropping sharply through that level, as stocks gained and most commodities fell as the Dollar strengthened against major currencies.
Silver fell to $23.34 an ounce, while copper prices ticked higher. “The risk [for gold] is a break through support [will] test the $1322 low,” say technical analysts at bullion bank Scotia Mocatta, who cited $1440 an ounce as a key support level…………………………………..Full Article: Source


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