Report: Any gold price rally will be sweet but short

On Monday gold for delivery in June – the most active futures contract – drifted further below the psychologically important $1,200 an ounce level, briefly falling to levels last seen at the beginning of the year.

On the Comex division of the New York Mercantile Exchange, gold touched an intraday low of $1,183.70 an ounce before recovering to above $1,190 during late afternoon trade, a two week low… Read Full Article

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