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Silver tests multi-year highs amid a broad rally in precious metals markets.
The gold market has rallied again during the week, as it looks like we are doing everything we can to break above the psychologically important $2400 level. If we do, gold could really start to take off.
The gold market has rallied again during the week, as it looks like we are doing everything we can to break above the psychologically important $2400 level. If we do, gold could really start to take off.
The gold market rallied again in the early hours of Friday, as it looks like we are doing everything we can to breakout above the crucial level above.
The gold market rallied again in the early hours of Friday, as it looks like we are doing everything we can to breakout above the crucial level above.
Favorable rate cut conditions and strong Chinese demand suggest gold prices will rise in the near term, maintaining current bullish momentum.
Gold's recent Doji candle formation suggests potential buying above $2,378. Can the trendline hold?
The spot price of gold was 0.4% lower at $2,376.96 per ounce as of 5 p.m. ET Thursday, putting the brakes on a rally earlier in the week driven by economic data suggesting the Federal Reserve could begin cutting interest rates.
(Kitco News) – Gold prices have broken out of a near-term bearish technical pattern and the yellow metal is poised once again to surpass its all-time highs, according to James Stanley, Senior Strategist at Forex.com.
Gold surged to a new high but encountered resistance, pausing its advance. Key trendlines suggest further upside potential, with the rally likely leading to new record highs.