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Gold Price Futures (GC) Technical Analysis – 50% Level at $1512.40 Key Level to Watch Monday
Gold finished higher on Friday after hitting its highest level since November 4 earlier in the session. The market also put in its best weekly performance in more than four months. Some traders are saying gold is being driven higher by a weaker U.S. Dollar as investors liquidate safe-haven hedge positions in the greenback. Others are saying gold is being supported by uncertainty over the U.S.-China trade deal as investors seek more details about the plan. Still others have doubts about the rally and are calling it end of the year position-squaring. Furthermore, they feel that there is just too much demand for risky ... (full story)