Gold Firms, Poised to Make New High on Oil’s Rally

International Business Times reports that gold and oil prices extended rallies in Europe.

The market news is quoted as saying:

Currently trading at 1114, the benchmark Comex gold contract has been hovering around a 7-week high. It’s likely that the metal will challenge the all-time high made in December should geopolitical tensions in the MENA region intensify. Gold’s near-term rally has been mainly driven by the recent unrests and oil prices.

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