Tags Posts tagged with "Gold"

Gold

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Gold has gained more than 8% in 2016 after a volatile year. The 1st half of the year was driven by fears of a worldwide recession and uncertainties around the BREXIT vote.

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After touching its highest level in July 2016, close to 1380 dollars per ounce, Gold began to weaken and on Tuesday experienced its strongest decline in 3 years - a drop of nearly 3%.

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Oil and the US continue to dominate market sentiment. There are important implications for currencies as well as stocks. Brent crude reached a new four-year low last week.