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Gold Prices End 2020 Higher By 24% In Most Volatile Year Since 2010

From investingcube.com

Gold prices are set to end the year 24% higher, on the back of safe-haven demand that arose from the onset of the coronavirus pandemic in 2020. In terms of volatility, this has been the most volatile year for gold prices in the last decade. Some of the big banks have predicted gold price on the XAUUSD pair to transcend the $2,300 price level, as the newly signed coronavirus stimulus package kicks into gear in 2021 and causes a weakening of the US Dollar. Chances are that 2021 may yet hold more surprises in terms of volatility, if prices are to navigate towards the levels predicted by the banks. As indicated in my ... (full story)

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  • Category: Technical Analysis