“Gold’s Fundamentals and Technicals Look Better and Better”
Tuesday, February 9, 2016 5:59
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by Mark O’Byrne
GoldCore
Gold surged another 1.5% higher yesterday, and had its best closing level since mid-June as strong physical demand and concerns about the global economy, the banking sector and the risks of a new global financial crisis saw further gains.
[...] Gold jumped $34.70, or 3%, to $1,192.40 an ounce and registered its best single-session point and percentage gain since December 2014.
“Gold was like a beach ball that had been pushed too low in the water and is now bouncing higher with a vengeance,” Mark O’Byrne, research director at GoldCore, told MarketWatch:
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Source: http://financialsurvivalnetwork.com/2016/02/golds-fundamentals-and-technicals-look-better-and-better/?utm_source=rss&utm_medium=rss&utm_campaign=golds-fundamentals-and-technicals-look-better-and-better
