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Gold Likely To Test $1000 If $950 Holds

Forex News: Spot gold at $970.80/oz, down $6.50 vs NY close but still likely to test $1,000 as long as $945 support holds, says executive at gold dealer in Hong Kong. "It is still looking bullish but it all depends on oil and the dollar," he says. Noted physical demand was "non-existent" at these levels, only interest was for speculative/investment purposes. Adds, gold needs to head back below $900 to encourage physical customers.




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