Saturday 24, November 2012 by Gerhard Schubert

Precious metals report: Gold in tight range but still showing upside

Gold traded all of last week in a relatively tight range, but all the time with a certain amount of strength and perspective towards the upside. So far, Gold has registered gains of 12 per cent over the course of the year, and this is a very good number, considering other potentially correlated commodities. Oil prices for WTI, for example, are down 11 per cent over the year, and that clearly demonstrates the versatility of gold in the eye of the beholder.

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