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Gold- Near & Long Term - Bullion King of India
"The gold market, seeing a solid rebound from last month's two-year lows, appears to be getting comfortable around $1,780 an ounce; but, one bank is cautioning investors that gold's recovery looks fragile," the Bullion King of India stated. Despite the recent advance, gold prices may revisit the $1,750/ounce support level. Both major and small investors continued to sell their positions in gold-backed exchange-traded securities.
Gold- Near & Long Term - Bullion King of India
"The gold market, seeing a solid rebound from last month's two-year lows, appears to be getting comfortable around $1,780 an ounce; but, one bank is cautioning investors that gold's recovery looks fragile," the Bullion King of India stated. Despite the recent advance, gold prices may revisit the $1,750/ounce support level. Both major and small investors continued to sell their positions in gold-backed exchange-traded securities.