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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold price fights back – touches $1,200

Posted on 29 November 2016

Gold was attempting a comeback of sorts in Asian trading on Monday despite relentless selling by physically-backed gold ETF investors since Donald Trump’s victory in US presidential elections.
Gold for delivery in February reached a session high of $1,200.00 an ounce, up nearly $20 or 1.6% an ounce from Friday’s closing price on the Comex market in New York. Gold is still down 10% or $140 an ounce after an initial surge following Trump’s win. On Friday gold fell to its lowest level since February………………………………………..Full Article: Source


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