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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 Wednesday the 26th of February saw Gold prices opening at around
$1,339.50.
Not a good day for gold bull's as the price dropped some. Between people profit taking
off the highs and the dollar index doing slightly better it put pressure on gold today.
There was a jump up to the high price of $1,343.50 before it dropped down to the low of around
$1,324.60 where it finally found some support. It bounced off that support area again before
we finally ended the trading day at around $1,326.90 which resulted in a decent loss
in the price of gold of around $12.60.
So far gold has not lost its' luster as a safe haven and these dips in price encourage
even more physical buying which keeps us bouncing up and down for the moment with investors
profit taking on the bounces.
Thank you for watching this is Chuck Dougherty and this was the Spot Gold Prices Daily Wrap-up
for February 26th, 2014.
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See you in the next Gold prices episode! Until then, take care.