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Kitco News speaks with Peter Hug to see what he thinks of gold’s price flirting with its 200-day moving average on Wednesday. “I think it’s too early, I consider this move noise,” he says. “Should this trend on the downside continue after options expiry this afternoon and the $1,302 level is breached, which is the 200-day moving average, it could be technically negative and we may get some further selling.” Hug also comments on economic data due for release later in the week as well as the recent news regarding the Iraqi Central Bank’s gold purchases. Tune in for more insights from Kitco’s Global Trading Director Peter Hug. Kitco News, March 26, 2014.
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As well as the most accurate precious metal prices online, Kitco also provides up-to-the-minute news with usable market information. Videos provided by and © Kitco.
As well as the most accurate precious metal prices online, Kitco also provides up-to-the-minute news with usable market information. Videos provided by and ©
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