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Gold march may continue upto $1355 levels near term

Posted on 26 February 2014

US gold futures rallied to a high of$1339 an ounce before falling bak to $1334 an ounce on profit booking and investor expectations that Federal Reserve will go ahead with its plans to reduce stimulus measures.
At India’s Multi Commodity Exchange, gold futures for April delivery has been trading range bound in 30,000 levels ocassionally falling to 29800 levels last week. China has overtaken India as the largest gold consumer in 2013, however, gold demand may weaken as higher prices have impacted market senitments this week analysts said………………………………………..Full Article: Source


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