Gold continues to sit at its all-time highs as the traders simply aren’t interested in selling it. When you think about it, gold serves as a safe haven currency at times, and there is plenty of uncertainty in the world to warrant buying it. Because of this, any pullback should attract new buying. A move back down to $1,450 should prove to be a very supportive area. Selling simply isn’t prudent at this juncture.
Originally posted here
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