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Gold: chart Gold made an attempt to settle above the $2400 level as demand remained strong amid rising geopolitical tensions. In case gold settles above $2400, it will gain additional upside momentum and head towards the $2450 level. Silver: chart Silver rallied as gold/silver ratio pulled back towards the 83.50 level. From a big picture point of view, ...
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Gold price achieved 8.9% MoM growth to close March 2024 at $2,238.40/oz., the highest monthly price gain since July 2020. Despite hotter-than-expected NFP and sticky inflation rate that postponed Federal Reserve’s rate cut start date, the continuous building of managed money net positions alongside ongoing geopolitical risk events, these have supported gold ...