“Financial Calamity Avoided or The Worse IS Yet To Come??” by Mr. Prithviraj Kothari, MD, RSBL

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Gold was going gaga over the week. Usually, we don’t see much trading, just a few hundred lots of gold futures, on an early Thursdaymorning in New York. But what we saw this Thursday came as a shock. A wave of buy orders worth over $2.3 billion gushed into the market.
While other commodities declined, gold prices rose on Thursday despite dollars drop.
In just 10 minutes gold prices rose 3 per cent. It created a rhythm for the next 12 hours of trade.
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