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Gold’s decade-long boom seems to be over

06 January 2014Written by ATG Reporter

A decade of rising gold prices came to an end as 2013 turned into 2014 with a 28% fall over the past 12 months.

Precious metals dealer Michael Bloomstein of Brighton, who noted that there had also been a recent drop in the price of silver, pointed to increasing global stability as one of the causes.

He also told ATG that customers trading in their gold were now bringing in smaller amounts as much had already been transacted when prices were higher.

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