This is a deflationary event which is hurting the precious metal trade and keeping a lid on oil prices.
The issue was raised again later on by Labour frontbencher Gloria De Piero, who told the Commons that much of the vandalism, anti-social behaviour and theft from war memorials was related to the illegal metal trade.
There are some market watchers who believe after the strong rally in gold, the metal could trade in a range or even pull back in the next week or so, even as they have long-term bullish viewpoints.
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With little fresh news to push the market, the yellow metal continues to trade off technical chart signals.
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All over the city are young men pushing supermarket trolleys going through the garbage looking for strips of metal they can trade.
Previous archaeological research has established that there was a thriving trade in metal objects throughout Europe.
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While this makes it incredibly difficult to trade the yellow metal, the gold strategist remains bullish.
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Devon and Cornwall Police said the scheme was working and was making scrap dealers more aware of the trade in illegal metal.
After spells in the timber trade, the scrap metal business and as a prospector-miner, he found it as a professional hunter organising safaris.
Metal craftsmen, recruited from the commercial side of the construction trade, fashioned the bolts holding the silvery sheets in place from the same metal.
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Strolling down the aisle of a trade show in the area of metal fabrication, I chatted with the owner of a cost-accounting software company.
Imports of the precious metal have been a major contributor to India's wide trade and current-account deficits.
The metal recovered, but then receded again, leading to a meandering trade.
They trade like a stock but track the price of the commodity, with metal put into storage to back the shares.
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Because of their industrial use, platinum tends to trade more like copper, based on industrial demand, than as a precious metal.
Participants who see sideways trade or are neutral said the ongoing discussions over the fiscal cliff continue to hold the metal hostage in a range.
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The metal pushed through resistance at key price levels on the daily and weekly charts, which brought out buyers who trade based on technical chart signals and momentum.
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