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Gold exploded higher on Friday, jumping over 1.3% against the Dollar as escalating tensions in the Middle East sparked risk aversion across financial markets. U.S. airstrikes in Iraq have unnerved investors, ultimately boosting appetite for safe-haven assets like gold and the Japanese Yen. Given how the precious metal is trading around $1549 as of writing, bulls are clearly in the driving seat with further upside expected in the near term. While investor optimism over a US-China ‘phase one’ trade deal could limit Gold’s upside gains in the medium term, the metal remains supported... Read More
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