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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Gold analysts bearish on signs of U.S. compromise

Posted on 11 October 2013

Gold analysts have turned the most bearish in a month on increased confidence that U.S. lawmakers will reach a deal to avoid default and evidence that Asian demand for physical bullion is weakening.
Fifteen analysts surveyed by Bloomberg News expect prices to decline next week, eight are bullish and four neutral, the highest proportion of bears since Sept. 13. Prices rose since the first partial U.S. government shutdown in 17 years began Oct. 1, as investors sought a haven. President Barack Obama didn’t accept or reject House Republicans’ plan to increase the debt limit and end the government shutdown as the two sides entered further talks………………………………………..Full Article: Source


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