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

Is Gold Less Precious Now?

Posted on 24 November 2016

On a day when the Dow Jones Industrial Average touched 19,000 for the first time in history, investors would be forgiven for asking themselves if the shine has come off gold as a safe-haven investment.
The price of gold has breached the psychologically important $1,200 per ounce level after reaching an all-time high of over $1,800 in 2011, as the chart courtesy of the St. Louis Federal Reserve Bank shows. Over the last 10 years, this price level has been an important area of support and resistance as gold first rallied following the great economic recession in 2008 and 2009 but then sold off from 2011 when inflation failed to materialize in the global economy…………………………………Full Article: Source


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