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Gold pops above $2000 again

Aug 18, 2020

What a difference a week makes. Last Tuesday gold took a beating dropping from nearly $2100/ounce USD to the low $1900's. This morning, gold is back above the pivotal $2000/oz mark (as of 8am EST).

In the past, gold's big price dips would take months and even years to rebound. Analysts are suggesting there is a new era for gold support and the quick turnaround is a sign that historic gold selloffs by central banks and investment banks is reaching an end. 

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