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

Gold’s comeback: Why prices may head even higher

Posted on 25 July 2013

The price of gold has surged 13 percent - its biggest gain in more than a year- from a late-June low of $1,211.60 as recent signals from the U.S. central bank of continued money-printing hold down the value of the dollar and the recently depressed price sparks Asian bargain-hunting.
The yellow metal’s July bounce may continue, vindicating the small number of bullish forecasters still keeping faith with the precious metal, or the slide that began in late October could resume, vindicating the many sell-side analysts working for giant investment banks who are happy to see gold get what they see as well-deserved comeuppance………………………………………..Full Article: Source


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VRS - who has written 36748 posts on Opalesque Commodities Briefing.


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