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Gold gives up gains, hits lowest level since June

Published 11/17/2016, 02:29 PM
Gold gives up gains, hits lowest level since June
GLD
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DGP
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DZZ
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GLL
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IAU
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SGOL
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UGL
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PHYS
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DGL
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DGZ
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UBG
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UGLDF
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DGLDF
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GEUR
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GYEN
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OUNZ
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GLDI
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  • With stocks, interest rates, and the dollar all on one-way streets higher, who needs the yellow metal.
  • Hopes for a bounce were dashed again today, with gold now down 0.8% to $1,214 per ounce, a price not seen since early June. An amateur chartist might say there appears to be decent support in the low $1,200 area, but a break through that means the coast is clear until $1,100 or less.
  • The metal has now given up about $100 per ounce since early June.
  • GLD -0.8%
  • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, UGLD, GLL, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GYEN, GEUR, UBG, QGLDX


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