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

Gold prices supported by ‘three lines of defense’

Posted on 12 September 2013

Although gold prices have struggled to make new highs, strong technical support for spot gold at $1,350 to $1,355 an ounce helps to create a floor, at least for the short-term, say analysts,.
Ole Hansen, head of commodity strategy at Saxo Bank, said three technical factors make $1,350 an important support level, which is why it is drawing so much attention………………………………………..Full Article: Source


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