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$1,391.7 gold futures

Yes big problem now, $1200 breached. Good payroll's data from...

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grandcaruso

2,317 Posts.

05/03/15

07:50

Post #: 14862094
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Originally posted by johnyb26 ↑

I think gold will continue its slide this year. Indian demand has dropped dramatically, the US dollar is riding high, and gold doesn not return a yield . There is no reason to buy gold, and Indians know that now also.

http://www.marketwatch.com/story/indias-failure-to-cut-duty-hurts-gold-prices-2015-03-02

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Yes big problem now, $1200 breached. Good payroll's data from the US on Friday nite will only see the USD index rally further and put the kibosh on any chance gold had at rallying.
2 Upvote

0 Great analysis

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