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Hello my name is Chuck Dougherty and this is the Spot Gold Prices Daily Wrap-up.
The Spot Gold prices for Friday the 1st of November saw Gold prices opening at around
$1,325.00.
Besides the last report from the Fed, investors seem to be looking forward to the European
Central Banks meeting where they will decide on whether or not to lower their interest
rates which is good for the dollar and bad for gold.
Prices again declined today, we hit the high of around $1,325.70 in early morning trading
and then dropped through yesterday's resistance levels and down to the low of around $1,309.00.
From there we closed the short trading day at around $1,316.10 and this resulted in another
loss in the price of gold of around $8.90.
Thank you for watching this is Chuck Dougherty and this was the Spot Gold Prices Daily Wrap-up
for November 1st, 2013
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See you in the next Gold prices episode! Until then, take care.