Gold price declined supported by Cyprus agreement and the US dollar decline

Burgin hunter is going to fix gold price or not?

Gold price – Gold price watched a sudden decline, after the Euro area agreement on the plan of surviving Cyprus, we can say market in the Euro area watched stability today followed by a decline in gold price average of  0.40%, we noticed that the Euro today record a stable rate in front of the US dollar by a slight decline equal to 0.09%, we used to watch a rise in Gold price after any fluctuate in the global market, but what happened is different due to some technical selling process today from huge companies to control gold price in the market.

Gold price today affected by the decline of the US dollar today in front of other currencies like Australian today by 0.15% and the Canadian Dollar by 0.48%, the reason which made gold price in USA decline by 0.30%.

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