Gold prices breach $1,000
Gold prices soared past the $1,000 per ounce mark for only the third time ever on Tuesday.
Technical trading reasons, as opposed to retail industrial demand, are thought to be behind the rise, with a lack of short-dated call options contributing to the surge. "Given the market positioning and technical buying that has supported the recent rally, we believe prices could suffer from profit-taking in the short term before resuming their uptrend," Suki Cooper, a precious metals analyst for Barclays
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