06.11.2015 - Gold Price Drops Clean Through Support as Precious ETFs Shrink
Gold price losses of 2.4% for the week so far worsened in London trade Wednesday as global stock markets rose sharply and new US jobs data put net hiring in the world's largest economy just ahead of analyst forecasts for October. Latest US trade data were also better than expected, showing the smallest September deficit between imports and exports since 2012 at $40.8 billion. The Dollar jumped to new 3-month highs versus the Euro on the currency market. Erasing the last of October's 6.8% gain on Tuesday, the Dollar gold price today dipped further below $1115 per ounce – a new 5.5-year low when first seen in July...............................................Full Article: Source
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