Citigroup, Goldman Sachs, and Bank of America did the same, while gold prices fluctuated violently.
Just Thursday, as gold prices rallies strongly, so did other major raw commodity futures markets.
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The stronger emerging currencies would also be inflationary, which would be positive for gold prices.
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The equation is the more dollars in existence, the higher gold prices will move.
On the other hand, Holmes sees a positive correlation between oil prices and gold prices.
So keep an eye on house prices, oil prices, gold prices and election polls.
Gold prices are also closed at a technically bullish weekly high close on Friday.
Think of falling gold prices as a trailing indicator of investments shifting from safety to optimism.
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Rather higher gold prices and speculation accounted for the overwhelming majority of the gains in silver.
The chart indicates that gold prices did catch up over the next few months.
If gold prices were rising but open interest was declining, it would be less constructive.
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We know this because gold prices were falling, even as stock prices were rising.
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Despite a nearly 11% drop this month, gold prices are more than five times 2002 levels.
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Gold prices did fall below their 200-day moving average Wednesday for the first time since 2009.
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Recent strong physical demand for gold from China and India has supported gold prices.
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This may be why gold prices are currently up by 7% since July 1.
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Gold prices have been trending lower on the daily bar chart for three weeks.
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Gold prices are now hovering just above important technical support at the February low.
Comex gold prices have moved above unchanged levels on the day in morning trading Friday.
Gold prices are also now in a three-week-old downtrend on the daily bar chart.
Others mentioned the general backdrop of ultra-loose monetary policy as continuing to underpin gold prices.
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The airstrike news lifted crude oil prices and gold prices tagged along for the ride.
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That is why the dollar was so strong last week and gold prices fell, Dietrich says.
Gold prices did fall below their 200-day moving average today for the first time since 2009.
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Gold prices have actually been trending higher in a very choppy fashion since mid-May.
Meanwhile, the recent pullback in gold prices has attracted physical demand and investor buying.
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Investors sent gold prices to record levels Monday as uncertainty over the US debate problem continues.
Also, bargain hunters have once again stepped in to buy the recent dip in gold prices.
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Gold prices had been trading near steady levels before the surprise move by the central banks.
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Gold prices are still in a steep three-week-old downtrend on the daily bar chart.
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