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All eyes on size of gold price retracements

Posted on 26 February 2014

The past 16 months haven’t been good times for gold bugs with the yellow metal travelling in a tight downward trend channel since October 2012. This protracted price fall seems to relate to confidence building in the international financial system as the trauma of the global financial crisis (GFC) began to slip from investors’ minds.
That fall followed a three-year run-up in the gold price from $US733 an ounce to about $US1880, experienced during the panic of the GFC when investors ran to gold as a safe port in the storm………………………………………..Full Article: Source


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VRS - who has written 37188 posts on Opalesque Commodities Briefing.


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