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According to the World Gold Council, central banks purchased a record 483 tons of gold in the first half of the year. Central banks from Turkey, India, and China topped the list of the biggest buyers.
Gold prices move higher as the dollar starts off the week on a softer note. The dollar faced downward pressure amid slower growth prospects and Fed speak and first-quarter GDP will signal economic ...
Gold prices consolidated on Friday and is trading just above support near the 50-day moving average at 1,859. U.S. Existing Home Sales came in stronger than expected, rising to a 14-year high. The ...
Gold prices edged higher but were unable to push through resistance near the 50-day moving average at 1,307. Support on the yellow metal is seen near the 20-day moving average at 1,200.
Prices surged above resistance which is now short term support near a downward sloping trend line at 1,212. Additional support is seen near the 10-day moving average at 1,200.
Yields surge buoying the dollar which weighed on gold prices
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