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Gold prices extend rebound to a second-straight session

Posted on 23 November 2016

Gold prices extended their rebound from nine-month lows to score back-to-back gains on Tuesday as the rally in the U.S. dollar stalled. Gold has been “hit pretty hard in the last couple of weeks and…is stabilizing and base building just as [the U.S. dollar] has become exhausted and has started to level off,” Colin Cieszynski, chief market analyst at CMC Markets, told MarketWatch.
The dollar “remains vulnerable to a correction should traders decide to take some profits around the Thanksgiving holiday weekend,” he said………………………………………Full Article: Source


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