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Gold analysis: Metal nears fresh record but can rally sustain itself?

From cityindex.com

Gold extended its rise for the fifth consecutive trading session today and came to within less than $5 of reaching December's record high of $2146, before easing back a little. Gold analysis: Why has the metal risen so much? Gold’s rally has been fuelled by speculation surrounding a potential shift in Federal Reserve policy and lingering geopolitical uncertainties that has bolstered demand for the precious metal, seen as a haven asset. There have also been some concerns about a possible downturn in equity markets, especially in the technology sector following the recent eye-watering gains. Investors have also ... (full story)

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  • Category: Technical Analysis