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- Weekly Trends: September 7, 2014
Gold was under pressure this week from a rising US dollar and closed down ~2% at $1267.30. An improving US economy and struggling Eurozone means continued appreciation for the US dollar. The Euro hit a 14 month low this week after the ECB announced a cut in interest rates and the embarking of a qua...
- Weekly Trends: September 21, 2014
Gold Gold is now at an 8 month low, closing at $1216.60 per ounce. That is down $15 on the week. Trading began fairly quiet this week. In fact, on Wednesday, gold actually closed at $4.50 higher than last Friday’s close. However, the big headwind for gold is the continuing strength of the US doll...
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