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Gold prices shined to a 6-Year high on likely rate cut by the US Federal bank, having strong potential to test $1600/oz this year.
Gold Comex August prices climbed to a 6-Year high of $1442.9 an ounce in June, after breaching a 5-Year long consolidation range of $1150-$1375, mainly on account of likely rate cut by the FOMC to deal with global growth concern as indicated by them in June meeting. Trade spat between US and China and tensions… Read more
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