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Gold price sinks to near three-year low

Posted on 27 June 2013

Gold prices have dropped to almost a three-year low after positive news on the American economy increased the chances of an end to the US Federal Reserve’s stimulus policies. Figures released overnight showed US house prices had their biggest rise in seven years, while consumer confidence jumped.
There was also good news on the manufacturing sector. Spot gold has tumbled more than eight per cent since last week, when Federal Reserve chairman Ben Bernanke outlined a plan to gradually wind back aggressive bond-buying policies………………………………………..Full Article: Source


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