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

Gold price continues climb as hedge funds up bullish bets 17pct

Posted on 18 February 2014

The gold price continued to build on recent gains on Monday, with another double-digit advance to a fresh three-and-a-half month high. In morning trade on the Comex division of the New York Mercantile Exchange, gold futures for April delivery – the most active contract – hit $1,329.90 an ounce, up $11.30 from Friday’s close.
Gold is now at its highest level since end October last year and up just short of 10% so far in 2014. There appears to be a definite shift in sentiment this year after 2013’s dismal 28% retreat in the price of gold………………………………………..Full Article: Source


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