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

Gold to hit new highs after 2014

Posted on 03 April 2014

For the first time in three days the gold price rose this morning, on the back of hope that the low price will spur gold buying in China. Also, for the first time in the last week gold for immediate delivery in Shanghai traded at a premium to London. This suggests that the downside in gold is protected somewhat by expected demand in China.
Another reason for gold’s weakness this week is the impending March non-farm payroll data, due for release on Friday. Forecasts so far expect the U.S. Labor department to announce 200,000 new jobs were added last month…………………………………Full Article: Source


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