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Thread: Gold declined

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    Default Gold declined

    Gold declined yesterday by 6.00$ per ounce, that's due to the numerous factors meeting all together to carry out this decline; were the US dollar witnessed yesterday an incline against majors, that's due to the increase in the American Treasury yields, which was encouraging for investors to head for buying US dollar and abandoning their positions in investing in the safe heaven (gold); also waiting for the moving fundamentals in the US economy today.

    This decline the gold witnessed was associated with the decline in oil prices; yesterday investors headed to invest in oil before the release of EIA's report today with the expectations that crude oil inventories will fall 0.4 million barrel.

    Were still the gold is heading to the downside today, recording the lowest level till now at 643.02$ per ounce.

    Gold prices came less attractive for investors after the increasing interest rates expectations in the world, this decline will attract investors to buy more physical gold, were investors are hoping that gold prices will stay steady in this dwindling wave.

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    Default

    hello there, do you know any place that you would recommend that we could get the news arround gold freely?
    thanks.

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