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Gold bullion sees “explosion” in China’s demand, “bargain buying” in India

Posted on 25 September 2013

Gold Bullion prices retreated to low at $1315 per ounce in London trade Tuesday morning, drifting down as world stock markets and commodity prices also slipped. The US Dollar extended its rally on the FX market, nudging the Euro back towards 1-week lows beneath $1.3450.
That move held gold bullion prices for Eurozone investors around €975 per ounce, some 4% below last Thursday’s 1-week highs. Major government bonds ticked higher, meantime, nudging the yield on 10-year US Treasury debt down to a 6-week low of 2.68%………………………………………..Full Article: Source


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