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Gold lifts above $2,630 as haven buyers seek safety
Following on from all the most recent updates here, the news has helped to lift gold prices and push the metal above an earlier technical resistance level at $2,627.19. That was a previous high and it has been taken out this morning. The gains have seen the metal push above $2,630 right now and it could have further to go under the present circumstances. Perhaps that will lead Gold closer to its noted 50 day moving average, in place at $2,656. We shall see on that, but for now the buyers are back in town and for good reason it seems just now too. Gold is currently trading at $2,631.60
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