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Gold may test $1,250 as ’safety’ status fades

Posted on 14 October 2013

Gold prices may fall towards $1,250 an ounce this week as a possible resolution to raising the U.S. debt ceiling, staving off default, shores up the dollar and undermines the precious metal’s safe-haven status, according to CNBC’s latest market survey of traders, analysts and strategists.
CNBC’s latest poll of gold market sentiment showed 83 percent (15 out of 18 respondents) expect prices will fall this week, 11 percent (2 out of 18) predict price gains, while a single respondent sees prices trading around current levels………………………………………..Full Article: Source


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