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Gold extends upside move towards $2,640

Following earlier reports noting a slight drop back in Gold prices, the metal has just now lifted again and just now set a fresh session high close to $2,640. The move higher comes as the markets continue to show concern regarding the situation in Ukraine. The reader is also reminded of the next important, technical level for Gold. That is the 50 day moving average, in place just above $2,656. The high seen so far has been set at $2,639.42. It is currently trading at $2,638.50 and seems demand is still strong on this one at the moment 
 

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