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Gold and silver rally

From goldmoney.com

Gold and silver rallied this week as inflation and rising interest rates became the talking point. From last Friday, gold rose $28 to trade at $1823 this morning in Europe, and silver rose 80 cents to $23.12. Comex gold deliveries over the first three days totalled 2,744 contracts representing 8.53 tonnes. In silver, deliveries totalled 55.36 tonnes. Gold’s technical chart is looking positive, with a base for a bullish rise appearing to have completed. This is next. The first break above the downtrend from the peak in August 2020 occurred in early November, but this was not confirmed by the moving averages, which did ... (full story)

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  • Category: Fundamental Analysis