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

What to make of falling gold prices

Posted on 22 May 2013

Gold is continuing to lose its luster. Last fall, gold was trading at nearly $1,800 per ounce. Last week, its price dipped below $1,400 per ounce. And as prices fall, a number of high-profile investors have moved toward the exits.
Notably, in the first quarter of 2013, billionaire George Soros cut his position in the exchange-traded fund SPDR Gold Trust by 12 percent, according to government filings. Meanwhile, in a recent Credit Suisse investor survey, 60 percent of investors said gold bullion is the commodity about which they are the most pessimistic……………………………..Full Article: Source


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