We have been hearing for a few weeks now from the interbank market that buying interest at $990 and selling interest at $1030 should contain the market and this is turning out to be the case. Gold jumped over $15 overnight, back above $1,000 which is now losing its psychological importance. China is thought to be the buyer and profit taking ahead of the previous high is the main reason for selling.
Gold steady at $1006.50/oz after big move higher overnight
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