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Gold Sharply Down, Hits 4-Yr Low, on Technical Selling, Strong US Dollar, Rallying Equities Oct 31 2014 12:28PM

Gold prices are sharply lower, hit a four-year low and fell below major long-term technical support that was located at the $1,180.00 area in early U.S. trading Friday. The precious metals are still feeling the bearish effects of a strong rally in the U.S. dollar index. The big rally in world stock markets late this week is also a negative that is pulling away funds from the precious metals markets. December Comex gold was last down $25.60 at $1,173.10 an ounce. Spot gold was last Gold prices are sharply lower, hit a four-year low and fell below major long-term technical support that was located at the $1,180.00 area in early U.S. trading Friday. The precious metals are still feeling the bearish effects of a strong rally in the U.S. dollar index. The big rally in world stock markets late this week is also a negative that is pulling away funds from the precious metals markets. December Comex gold was last down $25.60 at $1,173.10 an ounce. Spot gold was last quoted down $26.00 at $1,173.40. December Comex silver last traded down $0.345 at $16.07 an ounce.


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Index data delayed 30 min.
updown DJIA 17,361.64 +166.22
updown NASDAQ 4,622.81 +56.68
updown NIKKEI 16,528.31 +870.11
updown RUSSELL 1,167.13 +11.36
updown NYSE 10,804.10 +91.90
updown TSX 14,557.90 +99.21
updown USD 86.85 +0.74
updown Crude Oil 80.11 -1.01
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