London Gold Market Report |
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Gold Bounces Off Five-Week Low as Stocks, Bonds Rally on "Inflation Dead" Forecasts THE SPOT PRICE OF GOLD sank to a one-month low early in London on Wednesday, dropping 2% from Tuesday morning before bouncing off $905.25 per ounce. Crude oil ticked 20¢ higher per barrel, meantime, but base metal prices also fell, dragging the major commodity indexes lower. World stock markets rose sharply – alongside the US Dollar – pushing the Nikkei 1.6% higher in Tokyo and adding 1.3% to the FTSE100 here
Filed under: Fundamental
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