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Gold Gives Back Late Gains After War Rhetoric Shift and Strong Jobs Data

From finance.yahoo.com

Although gold prices were on the up-and-up for most of this week and at one point looked set to challenge resistance at $4,800/oz, events of the last 36 hours had gold falling sharply during Friday's session, which has been truncated in observance of Good Friday. The precious metal still marks a gain of roughly +$300/oz for the week despite spot prices falling by nearly -2% on the final day to $4,676. Gold Climbed on Hopes for De-Escalation For the first half of the week and well into Wednesday evening, gold prices moved steadily higher. The main driver appeared to be a repricing of expectations around how long the ... (full story)

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  • Category: Fundamental Analysis