Gold shoots higher, closes in on the February high

Author: Adam Button | Category: News

Gold up another $18

Gold has jumped higher in three of the past four days and is now within striking distance of the highs of the year.
Gold up another $18
$1246.82 was the high in February and is posing some resistance at the moment. Gold is undoubtedly overbought in the short-term but it's reacting to the growing likelihood of US rate cuts due to a slowing economy.

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