London Gold Market Report |
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Gold Hits "Supply Squeeze" in Europe and US as Private Investors Pile In Ahead of Seasonal Surge SPOT GOLD PRICES gave back a sharp 2% rally early in London on Monday, falling towards $790 per ounce as the US Dollar held flat on the currency markets. Crude oil ticked up 25¢ to trade above $114 per barrel as Tropical Storm Fay threatened rigs in the Gulf of Mexico. European stock markets were slightly higher as the Wall Street start drew near. "Precious metals sentiment is still bearish as the
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