Archive for September, 2014

Weekly Trends: September 28, 2014

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Gold

Gold finished almost flat on the week, closing at $1,215.40 per ounce. Gold is getting close to the key support level of $1,200. The US dollar continues to show strength as US economic data comes in as expected. On Friday, the US GDP came in as expected and is the fastest growth in 2.5 years. The US dollar continues to be the strongest currency worldwide which does not bode well for gold.

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