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If dollar regains esteem, gold could get savaged
There are important internal dynamics - such as weak Indian imports and even weaker central bank sales - but all the action right now is investor-led and based on larger financial flows, most importantly the suggestion that the dollar is losing its global currency status. It's premature to put much faith in that however; if the dollar regains esteem gold could get savaged, but perhaps not yet. Short-term LBMA fix $1,035/oz-$1,085/oz. Read News
