Sunday, 14 July 2013

Gold capitulation continues

A big bounce for Aussie stocks today up around more than 1.6% following positive US economic data.

But gold shed another 3.3% to just $1,228/oz. 

In the second half of 2011, prices had stormed up to $1,900/oz but this year alone the precious metal has lost a quarter of its value.


Source: kitco

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