03.11.2014 - Gold price tumbling to $1,000 as rising dollar crushes confidence
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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