It was an odd week for gold with ArabianMoney getting reports directly from top bullion dealers in Texas, Australia, Hong Kong and Dubai that the demand for gold surged last week at the same time that prices sold down as low as $1,530 compared with $1,923 earlier last month.
If the price of a commoditiy is falling that is usually because demand is down or supply is up or some combination of the two. Now admittedly the flash-crash in the gold price at the end of the previous week brought out the bargain hunters with Hong Kong housewives queuing outside the jewelers on Monday morning.
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