28.06.2012 - ‘Pressure mounting’ on bullion, but central banks buying
US dollar gold prices dropped as low as $1,565 an ounce during Wednesday morning's London trade – 1.4% down on this week's high – before recovering some ground by lunchtime, while stock markets posted slight gains ahead of tomorrow's European Union summit. Silver prices traded below $27 an ounce for most of this morning, while other industrial commodities were broadly flat on the day by lunchtime. On the currency markets meantime, the euro was broadly flat against the dollar, trading just below $1.25 for most of the morning...............................................Full Article: Source
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