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Gold extends gains to a new record above $2,820
As the US stock markets reopen and start to try and push a little higher off the opening lows, Gold has continued to push higher. The metal has just now lifted above the all time high it reached on Friday. Gold has just now lifted above $2,820. The move comes as US yields slip and clearly there is flow back in that direction, for reasons it is hoped are obvious. The 10 year yield has now slipped to 4.50%. That is a safe haven trade right now, and not at this time reflecting where the ultimate path of US yields might be headed. So, Gold just set a new all time high, at $2,822.11
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