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3 reasons why gold prices could bounce by the end of the year

Posted on 12 December 2013

Gold prices could see a rally of about five per cent before the end of 2013, according to the chief executive of Compass Global Markets, Andrew Su. Su said that when a market becomes overly bearish, for him, it’s a clear signal to buy - and this is the current case with gold.
Su believes gold has found a floor ar $1,200, which he doesn’t think will break. Investors, he said, are shy to take gold below $1,200 as last time that happened, the precious metal bounced very quickly………………………………………..Full Article: Source


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