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Gold Back Below $1,300 After Scoring 2-Yr. High Thursday; Bulls Remain Technically Strong

Gold prices are moderately lower in the futures market and firmer in the cash market in early U.S. trading Friday.

Gold Sell Off Was Likely Just Profit Taking

Gold encountered heavy selling yesterday, dropping some $25 before support at $1,278 took hold. The drop was greeted with heavy buying in Asia and we find ourselves this morning floating around the $1,290 area.

Gold backs down from 2-year high scored Thursday

Gold prices hit a two-year high on Thursday but then quickly backed down from the sharp gains that saw August futures hit an intra-day high of $1,318.90 an ounce.

Gold And Oil And Equities Go On Wild Rides

It’s hard to believe that the CMOE’s VIX volatility index rose only 1.20% today and fell dramatically yesterday by over 7.00%.

If anything characterizes todays movements in almost all markets, it is inarguably volatility.

Gold Price Drops Below $1,300 On Rumors Brexit Vote Will Be Postponed

(Kitco News) -Gold futures are selling off Thursday afternoon, due to rumors that the Brexit Referendum vote could be postponed after the death of a high-level politician.

Gold Surges To 2-Yr. High Above $1,315, But Then Backs Well Off Daily High as U.S. Equities Recover

The gold market early Thursday pushed to a two-year high of $1,316.80 an ounce, basis August Comex futures.

Gold Could Even Go To $1,400; Here’s Why – Jim Wyckoff

Gold’s momentum continues following Wednesday’s Federal Reserve meeting, and one senior technical analysts says the metal has potential to break through more upside targets.

Calls For $1,400 Gold Growing Louder Ahead Of Brexit Vote

After gold hit nearly a two-year high overnight, analysts are now focused on the yellow metal’s potential ahead of next week’s U.K. referendum on whether or not to remain a member of the European Union.

Midland Announces Joint Venture Agreement For Area Near Eleonore Mine

Midland Exploration Inc. (TSXV: MD) announces a 50%-50% joint-venture agreement with Osisko Exploration James Bay Inc. to explore geological settings favorable for gold deposits near Goldcorp’s Eleonore gold mine and the new gold discovery recently announced at Cheechoo.

Analysts Bullish On Gold Following Dovish FOMC, Ahead of Brexit

After hitting its highest level in almost two years, the gold market is holding onto most of its gains Thursday, benefiting from continued shifting expectations of Federal Reserve interest-rate hikes.