By Ross Norman of Sharps Pixley | Wednesday 19 February 2014
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 rallied for nine consecutive days and ended at $1,324.40 on Tuesday. This is the longest rally since the summer of 2011. On Wednesday in Asia, the gold futures retreated about 0.7% to $1,315 while the Dollar Index declined to a seven-week low to below 80.
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