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Bullish tone for gold futures set to continue

The December gold futures contract closed the session at $1734.90 per ounce, reversing yesterday’s small pullback having just failed to breach the $1740 per ounce in the trading session. For the second day in succession we have now seen an “inside day” on the daily...

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Gold futures pause at $1700 per ounce level

The price of gold has paused for breath over the last few days following the sharp rise of last week, and with a holiday shortened week, the market has drifted sideways, as the December gold futures flirt with the $1700 per ounce level. Friday of...

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Spot Gold 1 Dec 2010

A strong performance for spot gold yesterday which closed the gold trading session as a wide spread up candle which finally broke out from the recent sideways consolidation of the past few weeks.  In addition to injecting some much needed momentum into the gold chart,...

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Spot Gold 10 Nov 2010

An interesting and volatile for spot gold yesterday which saw the precious metal reach a high of $1424 per ounce and low of $1383 before closing the gold trading session as a narrow spread down candle but with wicks to both top and bottom, and...

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Spot Gold Price 1 Nov 2010

Friday’s positive close above all four moving averages for the spot gold price re-established the longer term bullish trend as the gold price ended at $1359.20 per ounce whilst also breaking above the recent sideways price platform.  Despite today’s minor pullback spot gold managed to...

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Spot Gold Analysis 20 Oct 2010

The spot gold price sold off sharply yesterday, along with many other metals in the commodity market, such as copper and silver with crude oil also reacting to the news that China had surprisingly increased its interest rates by 0.25% – news which surprised the...

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Spot Gold Price 7 Oct 2010

The bullish trend for the spot gold price continued higher once again yesterday ending as a relatively narrow spread up candle which touched an intra day high of $1349.60 per ounce before closing marginally lower at $1344.90 per ounce.  This positive sentiment for gold has...

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