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Mild profit taking in gold after new all-time high set earlier today

From kitco.com

Gold prices are near steady and silver prices lower near midday. Profit taking is featured today after gold earlier in the day hit new contract/record highs. Silver prices are lower, also on profit taking after hitting a 14-year high on Monday. Bullish fundamentals and bullish technical charts are likely to continue to fuel the bull market runs in both precious metals. December gold was last up $1.80 at $3,679.00. December silver prices were down $0.517 at $41.385. The key outside markets today see the U.S. dollar index firmer, while crude oil futures are higher and trading around $63.25 a barrel. The yield on the ... (full story)

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  • Category: Fundamental Analysis