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BullNBear52

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BullNBear52

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Monday, 11/12/2012 7:21:34 AM

Monday, November 12, 2012 7:21:34 AM

Post# of 332
Gold futures trade gently higher, extending gains

On Friday, gold futures rose, completing a weekly gain of more than 3%, as concern about the fiscal health of the U.S. and the euro zone persisted.

Investors also took heart from reports of strong demand coming from India and China. Read Nov. 9 metals stocks column with details of the demand expectations from China and India.

And other market observers noted that President Barack Obama’s re-election suggested that the Federal Reserve’s quantitative-easing program, which is bullish for bullion, would continue. Read Commodities Corner: What Obama’s reelection means for gold.

http://www.marketwatch.com/story/gold-futures-trade-gently-higher-extending-gains-2012-11-12?siteid=YAHOOB

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