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Gold Analysis : The precious metal had climbed to a year-high of $1,263.58 on Thursday

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The precious metal had climbed to a year-high of $1,263.58 on Thursday as turmoil in global equities stoked safe-haven demand for the yellow metal, along with the U.S. dollar weakness. Bullion was also fuelled by growing expectations that the Federal Reserve would not raise interest rates this year. Gold prices rose more than 15% so far this year,around $188 an ounce to $1,263,the highest price since February 2015 and an a $217 jump per ounce since December 2015. Gold prices jumped 5% the

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