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

Dissector: Gold prices testing long-term supports

Posted on 15 July 2013

This year will go down in history as the year in which gold prices crashed 23 per cent in just three months. Much has already been written about the causes — investment funds exiting from gold investments following the long-drawn sideways movement in gold prices over the last two years.
Demand from jewellery buyers made international gold prices halt around $1,320 for a couple of months. But another bout of selling has sent the yellow metal lower to $1,179 in June. So how much further will this decline go and where can investors get respite?……………………………………….Full Article: Source


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VRS - who has written 36706 posts on Opalesque Commodities Briefing.


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