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Gold: Markets See Buyers
The gold market exhibited a modest rally during Thursday's trading session, maintaining its upward pressure. On the whole, I remain optimistic about the long-term prospects of gold. However, it is crucial to factor in the impact of the upcoming holidays, which are likely to drain a significant portion, if not all, of the market's liquidity. Consequently, we can anticipate a relatively subdued performance in the short term, with the coming week potentially characterized by minimal market activity. That said, the market should keep a close eye on the $2,050 level above, an area that has presented considerable ... (full story)