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Gold price analysis in April 2020: is the market set up for a bullish breakout?
The economic instability wreaked by the coronavirus pandemic prompted some wild daily swings in the gold price in March and could be setting up the market to break out to new highs in April. Caught between its safe-haven status and a broad selloff in all asset classes since the start of the year, the gold market has been exceptionally volatile since mid February. Although the metal’s price could be said to have traded sideways in March, ending the month around the same level it started, it hit multi-year highs and sharp sell-offs within the space of a few days. After reaching its highest level since late 2012 in ... (full story)