Gold: Off To The Races, Or Just Another False Start? [Chart]


Commodity traders know that gold is highly cyclical, and that it takes significant changes in the fundamentals and sentiment to change the long-term price trend. That said, the latest news on gold is cautiously optimistic for those waiting for a rebound in the precious metal. Over the last few days, gold has broken through its 200-day moving average to reach its highest price in three months at just short of $1,200 per oz.

Gold: Off To The Races, Or Just Another False Start?

Source: Visual Capitalist

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