Gold continues to recover with high momentum purchasing

Gold continues to recover with high momentum purchasing


Gold opened weekly trading on the rise, reaching the level of $ 1184 an ounce during Asian trading and afternoon gold could be blamed level of $ 1191.20 and this came with high purchasing momentum and as investors after the decline witnessed in the precious yellow metal over the past week.

But experts and analysts have that gold could turn targeted level of $ 1,200 an ounce, with the important breakthrough support barrier at $ 1186, according to their expectations stoned lack of clear signals indicate the direction of gold over the medium term.

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