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- Gold shows weak activity
Gold shows weak activity
Gold is currently at $1,172.90 (+0.09%) an ounce. This traditional safe-haven asset is unusually calm considering the ongoing problems surrounding Greece and thus the euro zone. Nevertheless analysts said that U.S. demand for physical gold advanced in the recent weeks. Terry Hanlon, president of Dillon Gage Metals, a wholesale precious metals trader in Dallas, said he had seen volumes rise by 70% in June from May. Prices have not reflected these increases as futures speculation is not synchronized with trades of physical gold.
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