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Gold fell a bit during the early hours on Thursday as we continue to see a lot of volatility and chop overall.
Gold prices stabilized around $2,655 per ounce today, Thursday, remaining relatively close to their all-time highs as the escalating crisis in the Middle East
The price of gold has rebounded above $2,670 per ounce after two consecutive sessions of decline.
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The Gold market is probably going to remain somewhat elevated, but it's also going to be a situation where we're probably going to try to work off some of this excess froth.
Gold continues to pull back a bit in the early hours on Monday, continuing a move that we had seen on Friday.
Gold traded around $2,660 an ounce on Monday, on track for its biggest quarterly gain since early 2016, driven by repeated record highs in recent sessions as confidence grows that the Federal Reserve will deliver more U.S. interest rate cuts.
The gold market continues to see a lot of volatility but on Friday we saw the profit taking take over the overall attitude.
The gold market initially rallied during the trading session on Thursday but started to show signs of exhaustion again.
Gold prices climbed above $2670 per ounce on Wednesday, hitting another record high, as expectations of further monetary easing and rising geopolitical tensions boosted the appeal of the precious metal.
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As I review the gold market for the trading session, it's been quite volatile. Given the recent significant rally, it makes sense to see some pullback.
Gold futures hit another record high as the precious metal continues its sharp and record-breaking gains, fueled by the Federal Reserve's interest rate cut.
The most obvious thing that I see here is that gold continues to power higher, and I do think that it is probably only a matter of time before we see this market really take off to the upside.
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Sign up to get the latest market updates and free signals directly to your inbox.At the beginning of this week, the price of gold settled around $2634 per ounce, a new historical record high.
I think we still have plenty of buying pressure out there that people will be looking to take advantage of.
Gold markets have rallied pretty significantly during the early hours on Thursday as we are trying to recover a lot of the lost ground late during the day on Wednesday.