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Gold appears unstoppable as it hits record highs above $2,250, capping off a solid month and quarter

From kitco.com

The gold market continues to be an unstoppable juggernaut as it closes out the month and quarter near a record high, solidly above $2,200 an ounce. Analysts note that gold’s performance on Thursday, which wraps up a shortened trading week ahead of the Easter long weekend, is even more impressive when compared to the U.S. dollar Index, which is trading near a six-week high above 104 points. Gold prices last traded at $2,241 an ounce, up 2.7% from last week. For the month, gold is up 9%, and for the quarter, the precious metal is up 8%. Gold’s further push into blue sky territory also comes ahead of important inflation ... (full story)

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  • Category: Fundamental Analysis