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Zimbabwe - Monthly Economic Review - November 2013


The softening of gold and platinum prices in October was driven by the depreciation of several currencies such as the Canadian and the Australian dollar against the United States dollar, as well as the recovery of US equity markets that serve as an alternative investment for gold and platinum. As far as gold was concerned, the depreciation of the Indian rupee might have dragged down the gold price as India is among the leading importers of gold.

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