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Sunday, April 8, 2018 - 7:02:15 PM
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Mining News Agency - This week we have watched the metals continue to churn in a range and mentioned that they may have found a higher low with a new support level. On Thursday, gold sold off hard, trading below the $1,330 support but closing right near support.
Mining News - Overnight President Trump started talking tariffs and trade wars again, sending equities reeling down over 400 points at one point. Gold barely budged on the news and traded in a $10 range overnight, sitting now at $1,330.
The metal’s lack of reaction to the market fears is concerning, especially with a flat to lower dollar. The metals should have moved higher on the news, which is a reason for concern. In the meantime, gold and silver remain in their consolidation ranges but the new support level may not hold.
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https://www.miningnews.ir/En/News/148998
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