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

Precious metals rise

Posted on 01 July 2013

Gold futures have rebounded from the previous day’s near-three-year lows, but still have locked in the largest quarterly loss since modern gold trading began in the 1970s. Gold for August delivery, the most actively traded contract, on Friday rose $US12.10, or one per cent, to settle at $US1,223.70 a troy ounce on the Comex division of the New York Mercantile Exchange.
Futures early Friday fell as low as $US1,179.40 an ounce, the lowest intraday price since August 2010. Gold futures pushed into positive territory, as investors who had bet on lower prices during the market’s recent slide closed out those bets on the last trading day of the week, month and quarter………………………………….Full Article: Source


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