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CNBC reported that gold prices hit a four-month high on Thursday, as speculation over US monetary stimulus from the Fed supported the yellow metal. Spot gold is trading at $1,671.76 per ounce.
CNBC reported that gold prices hit a four-month high on Thursday, as speculation over US monetary stimulus from the Fed supported the yellow metal. Spot gold is trading at $1,671.76 per ounce.
As quoted in the market news:
Bullion rallied for a seventh consecutive day, consolidating its breakout above the top end of a four-month trading range at $1,640 and technical resistance at the 150-day and 200-day moving averages.
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