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

Gold price rally fades, Credit Suisse sees $1,000 on the horizon

Posted on 31 January 2014

The gold price on Thursday gave up hard fought gains wracked up on Wednesday after a decision by the US Federal Reserve to throttle back its economic stimulus program.
On the Comex division of the New York Mercantile Exchange, gold futures for April delivery – the most active contract – last traded at $1,243.30 an ounce, shedding $18 from yesterday’s close. The Federal Open Market Committee as widely expected announced another $10 billion a month cut to purchases under its quantitative easing program………………………………………..Full Article: Source


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