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Gold prices moved higher rising up to trend line resistance that comes in near 1,209. Support on the yellow metal is seen near the 10-day moving average near 1,196.
Gold prices fall despite rising inflation. For premium support please call: 800-290-4726 more ways to reach us
Gold prices moved lower on Thursday but held above support levels near the 20-day moving average at 1,198. Resistance on the yellow metal is seen near the August highs at 1,219.
Gold prices tumbled following a hotter than expected producer price index, as yields in the US moved higher. The dollar gained traction against the Euro which paved the way for lower gold prices.
The 6-month cycle in gold bottomed in November, and prices are confirming a breakout. Silver and platinum are leading the surge higher and are displaying explosive potential.
In the past, one of the main water resources in Jordan was the Jordan River, with a flow of 1.3 billion m 3 per year (BCM/yr). However, after Israel built the National Water Carrier in 1953 and diverted water from the Sea of Galilee to Israel's coastal plains and southern desert, the flow of the Lower Jordan River dropped significantly.
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