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Jerome-Leon

Gold Global Trade Analysis

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Jerome-Leon Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
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Gold prices climbed to their highest levels since May, hitting a six-month high of $2,017.82 an ounce on Monday.

Gold prices closed above $2,000 an ounce on Friday, recording a second straight week of gains and bolstering market confidence that gold's rise is justified. In the second half of November, U.S. economic data weakened, increasing expectations that the Federal Reserve would cut interest rates early next year, boosting gold prices. Investor concerns about the conflict between Israel and Hamas also boosted gold prices.
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