14.06.2016 - Gold price: Hedge funds pile back in
On Monday, upward momentum in the gold price continued to build, supported by weakness in the US dollar, a negative interest rate environment and worries over event-risk such as Britain leaving the EU. In brisk early afternoon trading on Monday gold futures in New York for delivery in August, the most active contract, jumped to a high of $1,290.30 an ounce, up just over 1% from Friday's close and the highest in nearly a month...............................................Full Article: Source
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