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Gold Market Recap Report
Tue 28 Aug 2012 15:23:00 CT
Related Keywords: Metals
Related Keywords: Metals
The gold market saw some weak action in the morning trade before regaining some footing in the early afternoon. Weakness in the dollar, combined with a fresh wave of US easing hopes today to boost gold prices, as softer than expected US data rekindled QE hopes just ahead of the annual Fed meeting in Jackson Hole. However, while gold was able to throw off a large portion of the initial losses, the December gold contract ended up spending a large portion of the trading session in negative ground.
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*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.
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