Ed Moy Quoted in Reuters on Gold’s sharp loss

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Gold Falls 1.6 percent, notches second sharp monthly loss

Gold fell almost 2 percent on Friday after U.S. data showing low inflation and improving consumer confidence dampened investor interest, with bullion notching sharp losses for a second consecutive month.

Quote:

“While all these momentum sellers were getting out of the ETFs, people who are interested in physical gold view it as a buying opportunity.”

For more on this, check out Reuters.

 

 

 

 

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