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Gold Bulls “Back in Control” as Values Near 6-Year Highs

Posted by Metals Corporate on

By John McDonald As more precious-metals speculators buy up increasingly large amounts of gold, a rally that could take the metal higher than it has been since August 2013 gains steam. Gold values have hovered around $1,400 for several days, but with the Federal Reserve’s interest-rate cut coming in smaller than the markets and investors had hoped and economists warning the Fed is destroying its own credibility along with that of the U.S. dollar, gold is likely to sustain its rise for the duration of 2019, if not longer. As Edward Moya, a senior market analyst at Oanda Corp., said...

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