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Gold's 10-Month High Is Only The Start - Analysts

From kitco.com

The gold market’s fresh 10-month high could be the start of a renewed uptrend in the precious metal as the market has broken important resistance levels, according to some economists. With new momentum in the precious metals market, some analysts have said that it could be only a matter of time before prices break above last year’s highs around $1,365 an ounce. Many analysts have noted that gold will continue to benefit as the U.S. dollar struggles to find momentum in an environment of growing economic uncertainty and low interest rates. April gold futures last traded at $1,339.40 an ounce, up 1.30% on the day. So ... (full story)

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  • Category: Fundamental Analysis