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Gold hoping to build on recent gains
Gold has been showing signs of a resurgence of sorts this past month, with the price breaking higher from a period of retracement once again over the second half of this week.
That points towards further upside coming into play from here as we push away from this recent phase. As such, look for further gains to come into play, with a drop below $1200 needed to raise doubts over gold’s ability to continue gaining ground from here.