Whenever political uncertainty is high in the market, one sees the precious metals going up and that is the reason gold has broken past $1450 and is now heading $1500-1550 in medium term to long term. Even study of Twiggs Momentum (21-day) which is holding above zero is indicating the strength in the trend. However commodity traders can exit if gold dips below $1409 level which is an important support for gold in international market. A high crude price aids in pushing precious metals prices in Northward direction.
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