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Gold falls below $1500.00 support

FXstreet.com (Barcelona) - The price of gold has seemingly collapsed Friday, falling below the key 1500 support that was fortifying any prolonged plunge during its most recent bearish plights. Indeed, gold tumbled to the lowest price since the end of 2011 on signs that investors are favoring the dollar and equities as the global economy recovers. At the time of writing, the yellow metal is trading at USD $1504.80, as heavy support lies at the 1500 level.

Forex Flash: 10-year US treasuries preach patience for entry levels – Goldman Sachs

With regards to 10-year US treasuries, “We recommend a flat duration posturing here – daily momentum studies and positioning (the market appears a lot less short after last week) lead us to expect a re-test of supports (former support levels like 1.83% in 10-years) in the coming week or two: be patient for a back-up to better entry levels.” Recommends the RBS Research Team.
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After hitting fresh lows against the greenback in the vicinity of 1.0150, the Canadian dollar is now gathering traction and dragging the cross to the area of 1.0130...
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