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5 Charts That Are Front Of Mind
Gold: The yellow metal spiked to new record highs in early trade in the small hours of Monday morning, having broken above $2,075/oz at the fourth time of asking. However, short of being the continuation of the recent move higher, the break proved short-lived, with sellers prevailing amid incredibly thin liquidity, fading the rally, and seeing gold end the day around 2% lower in the spot market. Incidentally, the near-6% high-low range printed to start the week was the widest since September 2020. Of course, the key question is where gold now heads next. In many ways, the rejection of Monday’s rally, and close back ... (full story)