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Commodities Briefing - Categorized | Bullion/Gold, Metals and Minerals more

Junior gold miners up on gold price bounce

Posted on 27 August 2013

A glimmer of light has emerged in the much-maligned gold exploration sector, with three Perth juniors yesterday banking much-needed share price gains. Gold Road Resources was joined by Bullabulling Gold and Azumah Resources as it recorded some positive movements for shareholders, who have watched gold values slide since April.
Driving yesterday’s rebound was an improving gold price, which hit a 2½-month high yesterday, closing at $US1396 an ounce. The improvement in the Australian dollar gold price is even more pronounced, courtesy of the domestic currency’s decline, to value bullion at a five-month high of $1546/oz………………………………………..Full Article: Source


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