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Gold price could return to all-time highs ‘in the coming days’
Hotter-than-expected producer prices weren’t able to cool down the gold market. Prices look to end their second week above $2,400 an ounce, with analysts looking for a potential move to a fresh all-time high. Gold prices ended the week in neutral territory compared to last week; however, they remain down nearly 1% from their all-time highs. August gold futures last traded at $2,421 an ounce, unchanged on the day and only 90 cents down from last week. While Friday’s Producer Price Index did take some momentum away from gold, the precious metal was able to hold critical support at $2,400 an ounce. For some ... (full story)