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What’s next for Gold and Silver

From financebrokerage.com

During Asian trading, the price of gold continued to be around 1850 dollars on a consolidated basis. The increase in yields on U.S. government bonds pushed the price of gold down. The ten-year bond again yields more than 3% in competition for holding gold. The price of gold is trading around 1850.95 dollars per fine ounce, which is a drop of 0.06% since the beginning of trading last night. The latest and very important news about price inflation in the USA is expected on Friday. For the bullish option, we need continued positive consolidation and a break above yesterday’s high at $ 1,855. The potential bullish target ... (full story)

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  • Category: Technical Analysis