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Gold Hits 2013 Crash Low on ETF

Posted on 24 November 2016

Gold bullion fell through its $1200 floor of the last 9 months Wednesday lunchtime in London, losing 2.4% before steadying just above $1180 per ounce – the bottom of its 2013 price crash – as the biggest jump in 2 years in reported US orders for durable goods saw the Dollar hit fresh 13-year highs on the currency market.
European stock markets cut their earlier losses as US equities held just shy of new record highs. Commodities also regained a drop – with crude oil reversing a 1% fall – after the Census Bureau said orders for ‘white goods’ such as freezers and washing machines jumped 4.8% last month from September, the fastest rise since summer 2014………………………………..Full Article: Source


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