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Gold price unlikely to rally on seasonal factors alone

This is the time of year when the gold price is traditionally assumed to be boosted by a seasonal pick-upin demand. Some months have tended to see larger changes in the price of gold than others, but, asthe potential for arbitrage would suggest, any calendar effects are small. Significant price increases willhave to rely on something less predictable than the run-up to festivals that happen every year.

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