Precious metal tipped to fall further as US economic growth and the Fed's retreat from QE to see investors dump holdings. Gold prices slumped last week to a four-year low, but do not expect a turnaround in fortunes any time soon with analysts now predicting that a level of $1,000 (£625) per ounce could present the next point of resistance for the precious metal.
On Friday, gold capped off a bad week of trading slumping 3pc to $1,163 per ounce on the day that Japan shocked financial markets by expanding its programme of quantitative easing (QE) in a bold move intended to revive Asia’s second-largest economy...............................................Full Article: Source
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