Market Outlook- Gold rose 1.9 percent on Friday!

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Gold rose 1.9 percent on Friday, hitting its highest price in more than two months near $1,400 an ounce, as a big drop in U.S. new home sales renewed hopes that the Federal Reserve will maintain its bond-buying economic stimulus.Silver also rallied more than 2 percent to a three-month high as the dollar fell and U.S. Treasury bond yields dropped. U.S. home sales tumble 13.4 pct in July to 9-month low Fed officials give mixed views on stimulus taper timing.

RR Financial Consultants‘s insight:

1) Copper Climbs Amid Shrinking Inventories, Wagers on Fed Stimulus
2) China’s Yunnan Tin Will Halt Lead Smelting After Price Declines
3) Cotton Imports by Pakistan to Drop as Domestic Inventories Surge
4) Soy, Corn Yields Seen Less Than USDA Estimates on Midwest Tour
5) CFTC Said Near Releasing Plans for Regulating High-Speed Trading
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