Gold Up Most In 3 Months, Spikes Above Key Technical Level

Gold continues to shine in the post-Saudi-coup world…

 

And the precious metal just broke above its 50-day moving average, after bouncing off its 200-day on Tuesday.

 

This is gold’s best day in 3 months…

 Gold is gaining as the dollar index slumps to near 1-month lows…

 

 

Of course, it’s USD/JPY that really matters (and it just broke below 112.00)

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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