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Commodities Briefing - Categorized | Bullion/Gold, Trading more

Traders split on gold touching new highs in next 2 years

Posted on 09 September 2013

Gold traders are divided on the outlook for prices next week, weighing signs of an improving US economy against the threat of a military attack on Syria. Two years after bullion set a record, the majority said a new peak won’t be reached in the next 24 months.
Thirteen analysts surveyed by Bloomberg expect prices to rise next week, the same number were bearish and five were neutral. Gold slumped 28% since it reached an all-time high of $1,921.15 an ounce on September 6, 2011………………………………………..Full Article: Source


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