Thursday, 21 April 2011
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Gold Fundamental Analysis for April 21, 2011
Gold continues the upside rally and surged above the psychological $1,500 barrier to set a new all time high at $1,505.65 per ounce as the weakening dollar triggered gold gains alongside other commodities. The gold's rally alongside currencies, commodities, and equities confirms the cautious sense of optimism in the market as the precious yellow was still demanded as a hedge against uncertainty.
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