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15.12.2011 23:34

Gold continue to decrease

Gold extended a rout into a fourth day as concern that Europe’s debt crisis is escalating boosted the dollar, raising the prospect that the precious metal may enter a bear market.

Current gold is trading at $1572,90 per ounce (-0,88%).

Gold’s RSI(14) for daily prices was at 27.21 today. The index last dropped below a level of 30, a signal that prices may rebound, in September 2008.

16.12.2011 00:04

European stocks close

Market focus

  • U.S., Japan may need more tools to shore up banking system - Fed's Rosengren
  • UK must be clear what a no-deal Brexit would mean - Bank of England Governor Carney
  • German output growth remains moderate in June - IHS Markit
  • Eurozone composite PMI hits seven-month in June - IHS Markit
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