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Gold Rallies over $1,600 Amid Policy Easing Hopes

posted by Avatar DannyBly 350 days ago in Fundamental, Daily, Gold

Recent disappointing economic data, including US manufacturing, has fueled hopes that leading central banks will ease policy further to stimulate growth. The low interest rate environment typically increases demand for gold an alternative investment.

Looking at the daily chart below we can see that spot gold is approaching a well defined...
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