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Gold ended a long wave of losses (post for oogie & bubbies)

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dealerdean


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Singapore - Reuters labored gold to end the longest wave of losses in about six months with continued doubts about the deadline, which will begin when the Federal Reserve (the U.S. central bank) to reduce its procedures stimulus. loss of gold around three percent since October 28 in the longest wave of losses since mid-May when it came down eight percent in seven days. Analysts believe that the precious metal may come down about $ 1,300 an ounce before the announcement of the jobs data in the United States on Friday. was the timing that will begin when the U.S. central reduce his monthly to buy bonds worth $ 85 billion a key factor in determining prices gold this year and lost gold 20 percent of its value this year as push the economy improves investors to buy stocks and encouraged the Fed to consider reducing the stimulus. and threw economic data mixed recently cast doubt on the date that will be launched when the bank in a move that sparked speculation in the market whether the bank will do so before the end of the year. By the time 0728 GMT settled spot price of gold at 1311.59 dollars per ounce. decreased trading volumes of gold in exchange Coombs this week as markets await U.S. jobs data that advertises on Friday. In other precious metals, silver rose in online transactions 0.1 percent to $ 21.67 an ounce. platinum rose 0.23 percent to 1451 dollars and palladium 0.47 percent to $ 749.89 an ounce.


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