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This recent move off of the 1156.70 low of July 28th has been particularly impressive with a run of more than $185 an ounce in 50 days. This strong run is partly because of the weak USD, but gold itself is being bought and there is no telling how long this will last.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.
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