By Ross Norman of Sharps Pixley | Wednesday 28 August 2013
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The U.S. Comex gold futures advanced for three consecutive weeks and have rebounded 20.4 percent since the trough on 27 June. This week, the gold futures were up 1.75 percent to finish at $1,420 on Tuesday. Year-to-date, the prices declined 15.26 percent. The Dollar Index ended at 81.166 on Tuesday and fell 0.24 percent this week.
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