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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 Monday the 24th of February saw Gold prices opening at around
$1,321.20.
Another great day for gold bull's as the uptrend continues so far into this new week. More
weak numbers coming from the housing sector and all of the turmoil happening around the
globe gold, as I have mentioned before, is looking better and better to investors seeking
some assemblance of safety.
After a small bounce on Sunday, prices began to climb again right after midnight and on
for most of the day. Gold climbed to a high price of around $1,338.10 and we ended the
trading day at around $1,333.20 which resulted in a nice gain in the price of gold of around
$12.00.
Although I have mentioned this repeatedly, it bears mentioning again, caution is advised
for the short term until we have a better idea of whether or not the economy is really
stalling or was it all the bad weather like some say. Since we only get a small piece
of the puzzle each data release it is hard to tell for certain what the FED sees that
is keeping them so confident since the government controls the release of data .
Thank you for watching this is Chuck Dougherty and this was the Spot Gold Prices Daily Wrap-up
for February 24th, 2014.
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See you in the next Gold prices episode! Until then, take care.