Despite minimal outside market headwinds gold enters the Wednesday session virtually unchanged and within striking distance of yesterday's upside breakout highs.
In a minimally supportive development overnight Harmony Gold showed a slight decline in the first half of production this year but managed to produce a profit. The company produced 1.47 million ounces of gold over the year compared with 1.49 million ounces and guidance of 1.4 million to 1.5 million ounces.
Unfortunately for the bull camp gold ETF holdings continue to decline with yesterday's outflow of 24,341 ounces expanding the year-to-date outflow to 4.3%...[MORE]
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