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Gold Approaches $2,700 Milestone Following Three-Day Rally
Gold futures have demonstrated remarkable strength over three consecutive trading sessions, climbing from Monday's low of $2,624.60 to nearly $2,700 per troy ounce. As of 4:00 PM ET, the benchmark February contract settled at $2,691.70, posting a gain of $11.60 or 0.43%. This price level hasn't been seen since December 13, 2023, and notably, today's advance occurred despite modest dollar strength, with the dollar index rising 0.15% to 109.308. Market analysts attribute the precious metal's resilience to several factors. UBS analyst Giovanni Staunovo notes that "safe-haven demand is modestly supporting gold, ... (full story)
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- Posted: Jan 9, 2025 10:59pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 234
