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Spot Gold Price – Gold Price Chart 23rd June 2009

Spot gold experienced a sharp decline yesterday as the commodity market (along with others) was hit by a wave of profit taking and some return of Dollar strength.   In addition with physical gold demand remaining weak and specialist gold backed exchange traded funds not recording...

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Spot Gold Prices – Daily Gold Chart 16th June 2009

Yesterday’s wide spread downbar in the spot gold chart merely reflected the market’s view of the US dollar, which found some support following positive statements from various G8 ministers who reinforced theirs view of the US dollar as a reserve currency.  In addition markets reacted...

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Spot Gold Prices – Daily Gold Chart 9th June 2009

Spot gold prices remained on the defensive for a second trading day, which was characterized by a stronger dollar, sharp declines in the equity markets, general risk aversion and a downgrade to Ireland’s credit rating to double AA, with a negative outlook, from double AA...

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Spot Gold Prices – Daily Gold Chart 5th June 2009

The spot gold price resumed its upwards trend, recouping much of the previous day’s losses as investors re-entered the market on speculation that gold is moving back towards the $1000 level and that the commodity market offers a degree of certainty currently absent from other...

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Spot Gold Prices – Daily Gold Chart 1st June 2009

Generalised and increasing US dollar weakness continues to drive the spot gold price ever higher as it touched $980.17 per ounce last Friday.  Whilst this inverse correlation always boosts the price of gold other factors such as inflation fears and worries about the US’s fiscal...

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