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Gold prices below $2,000, but seasonals remain favorable
Although gold remains stuck below $2,000 an ounce, some analysts remain optimistic that all-time highs are an achievable target by year-end or into the new year. In quiet holiday trading, spot gold prices have stabilized Thursday at an elevated level, last trading at $1,992.20 an ounce, up 0.15% on the day. Analysts are not expecting to see much of a rally through the rest of the week as most traders are now focused on the U.S. Thanksgiving Holiday and Black Friday shopping. U.S. markets are closed Thursday and will open for half a day Friday. Heading into the holiday, the gold market could not hold new gains above ... (full story)