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LONDON () Gold (XAU/USD) is taking a breather on Thursday after hitting a fresh record high of $3,578.50 on Wednesday, pausing a remarkable seven-day rally. At the time of writing, XAU/USD is trading ...
Yesterday, the gold futures rallied over $3,600 per ounce for the first time in history. Although what was even more shocking about the move was that it happened while the dollar was rallying too.
For six months straight, manufacturing has been receding, according to the Institute for Supply Management. What I find most revealing in today’s ISM report about this period of manufacturing ...
Gold surged to $3,578, confirming a bull breakout above the prior high of $3,500. Near-term consolidation is possible, but long-term projections suggest targets at $3,779 and $3,966 remain achievable.