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Gold Forecast: $2000 acting as a barrier for Gold
Gold prices are edging higher on Thursday amid holiday-thinned trading, on US dollar weakness and as the bond markets remained closed. The precious metal is struggling to extend gains above the key 2000 level amid some uncertainty around the Federal Reserve's future path for interest rates, which is making it difficult to push higher from here. Gold has rallied hard over the last couple of weeks, rising almost 8% since the start of October, and has climbed 3% over the past two weeks alone. However, Gold’s rally does appear to be running out of steam, The precious metal has been supported by expectations that the ... (full story)