Gold posted strong gains today

GOLD posted strong gains today as the USD weakened sharply and equities gained on the back of better retail sales data for Black Friday and as the IMF may come to the rescue for Italy and ultimately the Eurozone. Commodities broadly gained and Copper prices definitely helped out on the day rising by over 2.50%. Precious metals gained as investors are not moving into equities and this is rather a shortcovering move for now so upside for Gold remains significant. Gold traded in a $1,679-$1,708

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