Booster Month For Gold?

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Gold has established a support level at $1275 since March and prices have risen post this level.Throughout the second half of March gold fell heavily from resistance around $1400 back down to a several week low near support at $1275.
As 2014 began, gold moved very well for the initial months towards a six month high near $1400 and has now plunged to levels closer to $1300.As news of the escalating tensions in Middle East and Ukraine gained momentum, gold gained 5.4 per cent year due to rise in demand for this safe haven asset.
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