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

Won’t get fooled again: Physical gold buyers sit out this price rout

Posted on 28 June 2013

In April, after gold dived more than $200 an ounce in two days, an unprecedented scramble to buy everything from coins to jewellery at “bargain” prices helped arrest the plunge, tempering fears of a prolonged rout.
But not this time, say dealers and jewellers, who report that consumers across the world are reluctant to buy even after a price decline of almost $200 in 10 days as investors rushed to liquidate their gold in anticipation of the Federal Reserve’s scaling back its bond-buying stimulus since November 2008………………………………………..Full Article: Source


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VRS - who has written 36568 posts on Opalesque Commodities Briefing.


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