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

Gold price falls below critical $1,200-level: Bullion bloodbath ahead?

Posted on 28 June 2013

Spot gold prices fell below $1,200/oz in late evening trade, breaching that psychologically critical level for the first time in three years.
An ounce of the yellow metal changed hands (electronically speaking) for $1,199.29 at 11.30pm UAE time (7.30 GMT) as positive data from the US housing market had investors worried that the US Federal Reserve is getting the fodder that to needs to taper off its infamous stimulus programme later in the year………………………………………..Full Article: Source


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VRS - who has written 39856 posts on Opalesque Commodities Briefing.


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