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Gold's not going down without a fight

From kitco.com

It has been a frustrating couple of months for gold investors as the precious metal has been unable to attract any sustainable momentum. However, it looks like the tide is turning as rising inflation makes the precious metal an attractive, undervalued hedge. Gold prices are looking to close Friday near an eight-week high above $1,800 an ounce. This is the first time since late September that the precious metal has ended the week above what has been a solid resistance point. The rally in gold comes after the U.S. Labor Department said that 531,000 jobs were created in October, solidly beating expectations. However, ... (full story)

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  • Category: Fundamental Analysis