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Commodities Briefing - Categorized | Bullion/Gold, Listings/IPO/Stock Market more

Heavy selling of gold stocks may point to further declines for bullion

Posted on 11 September 2013

The gold price fell more than $20 to a near one-month low of $1,362 on Tuesday after a possible deal averting US airstrikes on Syria emerged and news that Indian gold imports fell by 70% in August hurt sentiment.
The gold price seemed to have turned a corner in August fighting back from near 3-year lows of $1,200 hit at the end of June, but it failed to decisively clear the $1,400 level and the rally has been steadily losing steam this month………………………………………..Full Article: Source


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