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

Gold prices drops as Goldman cuts forecasts

Posted on 25 June 2013

Gold declined toward a 2 1/2-year low in New York as prospects that the US Federal Reserve will reduce monetary stimulus curbed demand for a protection of wealth. Silver also declined.
Gold for August delivery fell 0.7% to $1,283.40 an ounce by 7:57 am on the Comex in New York on Monday. Prices slipped 6.9% last week. Futures trading volume was 5% above the average in the past 100 days for this time of day, according to data compiled by Bloomberg. Gold for immediate delivery in London dropped 1% to $1,283.91………………………………………..Full Article: Source


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