LGMR: Gold Falls with Stocks, Oil & Bonds, But Low Real Rates …
The Gold Price in Sterling meantime slumped to a two-week low of £634 an ounce – more than 6% below last week’s near-record high – as the British Pound rose on news the Bank of England voted unanimously at the start of this month to … ” Support at $1042 provides the bottom for [Gold] for now,” says one London dealer in a note. “Resistance lies at the previous high of $1072, with plenty of talk of option-related barriers at $1075.” “Gold scrap is still entering the market …
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LGMR: Gold Falls with Stocks, Oil & Bonds, But Low Real Rates …
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