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 Gold Closes Short Trading Week Slightly Up says Bill Hionas- Gold Closes Short Trading Week Slightly Up says Bill Hionas
- November 24, 2011
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Gold closed marginally higher Wednesday based on bargain hunters buying the dip.
MIAMI, FL - With the Thanksgiving holiday making for a shortened trading week in the US, gold prices were still being hampered by a stronger dollar but ended within touching distance of $1700. Many investors may be waiting until after the long weekend before making a move as current volatility has created a nervous atmosphere in the market.
The US dollar index hit a seven-week high Wednesday, and spot gold closed at $1694.50. The market was further affected by news that a German government bo...
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