By Ross Norman of Sharps Pixley | Saturday 7 December 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.
After a brief short-covering rally of 2.16% on Wednesday, the U.S. Comex gold futures dropped 1.23% on Thursday to $1,231.90 and fell a further 0.5% during Asia's Friday morning.On Thursday, the Dollar Index suffered a 0.74% peak-to-trough loss, preventing the gold futures from dropping further.
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