Weak U.S. data a reminder why gold remains in demand

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Saxo Bank/Ole Hansen/10-2-2019

“What we have witnessed so far this week, from a technical perspective, has been a weak correction within a strong uptrend. While the first key level of support at $1450/oz was not challenged a quick return above $1485/oz could now attract additional buying from those who had been holding out for a bigger correction.”

USAGOLD note:  A quick rundown on current gold market conditions – worth a visit. . . . .

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