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    Gold price may fall below $1,700 per ounce, says Metals Focus

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    Gold price may fall below $1,700 per ounce, says Metals Focus

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    “As we move forward or move through the backend of this year into early next year, gold getting back up above $1800 per ounce is quite possible,” said Philip Newman, Managing Director of Metals Focus Limited, in an interview with CNBC-TV18.

    “There is so much uncertainty in the market place. I think there is a risk that gold could go again below $1,700 per ounce. I think that level will be very well defended. But I think we could see $1,700 per ounce or high $1,600 per ounce going forward as a low,” said Philip Newman, Managing Director of Metals Focus Limited in an interview with CNBC-TV18.
    “As we move forward or move through the backend of this year into early next year, gold getting back up above $1,800 per ounce is quite possible,” he said.
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    For the entire discussion, watch the accompanying video.
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