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INDIA SPEECH: Gold Market Situation & Outlook

Speech to the Sixth Annual India International Gold Convention Goa, India Jeffrey Nichols, Managing Director, American Precious Metals Advisors Thank you, Mr. Chairman for your kind introduction . . . and many thanks also to the conference organizers for inviting me to participate in this prestigious gathering. It is a great honor to be here today, not only to share my views – but to learn from you, and make many new friends in the Indian Gold Community. A few weeks ago, in preparation for today’s presentation, I asked the conference organizer what I should talk about.He said, I should ...

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Gold Near $800

Gold near US$800 remains vulnerable in the near term to a stronger dollar but is underpinned by rising physical demand in key global markets, deteriorating macroeconomic and financial environments, accelerating inflation, and tight supply/demand fundamentals. A pop in the U.S. dollar, prompted by signs of deteriorating economic activity in Europe, has once again undercut gold, just as the metal looked like it might hold and build support around $830 an ounce. Having failed to establish a foothold over $830 an ounce, gold is greatly oversold but still looks technically vulnerable.  A ...

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