Gold traded at its highest levels for over two months, continuing with its growth from yesterday. Investors continued to prefer secure assets to stocks, in the light of tensions between North Korea and the United States.
Still as a brake in front of the gold is the psychological limit of $1,300. Yesterday the noble metal halted its rise just below the level indicated.
However, if gold rises above $1,300, we could witness closing of short positions and additional purchases that quickly push it to the next psychological limit of $1,400 per ounce.
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