Gold Gains Momentum, Investors Gain Confidence

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While gold gained momentum, investors gained confidence in gold. Gold spurred the longest price rally in six months. Initially gold was low but prices got pushed higher by the end of the week.
On Monday, gold fell to nearly a three week low as we witnessed outflows from the worlds biggest bullion backed Exchange Traded Fund (ETF). Moreover, a lack of a further increase in geopolitical tension also prompted selling in gold.
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