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Gold Prices Plummeting to $1,200: Will Selloff Continue?

Posted on 22 November 2016

The conventional wisdom had gold prices skyrocketing in the immediate aftermath of the U.S. presidential election, which put Donald Trump into the White House. But that hasn’t been the case, with gold future sliding through November, with two consecutive weekly price declines leading up to November 19. Last week, December gold futures slid by $7.60, to just over $1,200 per ounce - a nine-month low.
Gold prices rebounded moderately in Monday trading, gaining back 0.4%, to $1,213 an ounce. But a stronger dollar (at a 13-year high) and an imminent Federal Reserve rate hike have gold gurus taking a skeptical tone on the precious metal…………………………………….Full Article: Source


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