Encouraged by a weaker dollar, gold managed to push out of the doldrums of Friday. However, after pushing through the important $1,500 level this morning, momentum once again seems to be waning.
Looking to next week, Eurozone and German PMI data will be closely watched for any indications of the health of the region’s economy, especially in light of ongoing sovereign debt concerns. Worse-than-expected figures could weigh on Gold.
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