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Gold gets the news it needed to make a move higher

There are just so many reactions unfolding right now to the lower than expected US CPI data and one of those is playing out on Gold. The metal has lifted on the news, rising now above $2,330 and this was just the kind of benign report the metal needed to really clear its way above that $2,314 level. That said the move higher, by comparison to other markets has actually been pretty contained and there seems to be some hesitation on this one. Perhaps the most recent downside price action accounts for that? So, anyway Gold has lifted to a high so far at $2,334.25
 

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