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Gold had a disappointing session on Wednesday, rallying at first to $1290 on the back of weaker opening for US stocks and a tumbling dollar, only to finish down by roughly $5/ounce on the day. There was no apparent reason for the reversal other than the fact that the dollar managed to slightly pare its losses by the close, but even this does not fully explain the about-face and the disappointing finish.
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Precious Metals Daily Report --- November 16, 2017.pdf | 437.38 KB |