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How Far Will Gold's Gains Reach?
The strong breakout in gold prices in recent months has been noticeable. But the reason is not its rapid vertical rise to impressive record highs. This breakout is exceptional because it is not being fueled by the usual gold drivers. High demand outside of normal channels is pushing gold into uncharted territory, a truly bullish development. Thus, this keeps buying power strong from speculators and regular gold investors. Amidst an environment of heightened geopolitical tensions and record gold purchases by central banks, gold prices broke through a historic record level of $2,400 an ounce with gains extending to ... (full story)