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Base Metals Jump on Speculations Over Production Cuts

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 2, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Precious Metals Post Mixed Results; Fed’s Rate Hike Still in Focus Gold continued its downward trajectory, finishing Friday’s session at the lowest level since February 2010, as traders rushed to sell the metal on the back of bolstered expectations for a December rate hike by the Fed. Bullion futures for delivery in December plummeted 1.26%, or $13.50, to settle at $1,056.20 a troy ounce by the end of Friday’s trade on the Comex, after falling to $1,051.60 earlier in the week, a level not seen

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