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You never want to bet against gold
Gold’s move in the last two weeks is why investors should never bet against the precious metal. On Oct. 6, gold fell to a seven-month low, briefly testing support around $1,820 an ounce, and the market has not looked back since. In the last two weeks, gold has rallied more than 9% as prices pushed above $2,000 an ounce ahead of the weekend. Silver is just as impressive. Two weeks ago, it briefly dropped below $21 an ounce and is now looking to end this week around $23.50 an ounce, a rally of nearly 13%. We have seen significant bearish sentiment in the gold market through the summer as investors continued to react ... (full story)