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Gold Analysts Turn Bullish as Price Regains 40% of June Slump

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Adrian Ash
BullionVault
July 2, 2013

The PRICE of GOLD rose in Asia and jumped at the start of London trade Tuesday, hitting $1267 per ounce to recover 40% of last month’s crash before easing back.

Prices for silver bullion also rose, but lagged gold’s rate of gain, before slipping back below last week’s finish at $19.69 per ounce.

European stock markets meantime fell, as did the Euro – down 0.5¢ against the Dollar – after Eurozone and IMF officials said Greece has just three days to prove its commitment to fresh budget cuts.

Prices to buy gold with Euros touched €970 per ounce, a near 1-week high more than 7% above last week’s 34-month low.

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This article was posted: Tuesday, July 2, 2013 at 11:17 am





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