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Mitsubishi: Gold Headed For Quarterly Gain On Investment Demand

Posted on 28 September 2016

Gold is on track for its third straight quarterly price gain thanks to investment demand, reports Mitsubishi. While down from the July high for the year, spot gold is still higher than on the final day of the second quarter. “Gold is likely to register a third successive quarter of…gains – its best performance since 2011 when bullion was on the run-up to its all-time nominal high,” Mitsubishi says.
“Though the pace of gains has slowed, its performance has remained impressive – it has remained above $1,300 throughout this quarter, a level that is roughly coincident with the 50% retracement of the 2008 low to 2011 high, and has remained above the 500-day moving average since February…………………………………..Full Article: Source


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