Gold Extends Rally, Clears 38.2% Fibonacci at $4,692; $4,900 Target in View - KITCO
Source: KITCO
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DW NOTE
Gold is down 11.8% from its January peak of $5,318 and trading at $4,690 — calling this a "rally" requires ignoring the six-month trend. The $4,900 "target" is still 7.9% below where it was in January, when Hormuz was open and the Fed funds rate was higher.
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