Gold has the "same drivers of weak dollar - high oil - in addition, physical demand is good and investors continue to increase their holding through the" exchange-traded funds, said James Moore, an analyst at TheBullionDesk. "Gold traded higher yesterday as the dollar was again put under pressure, while sharp gains in oil due to geopolitical tensions triggered further inflationary hedging," said Moore. "There is little to stop either gold or the oil price from rising higher now, with the dollar poised for a large fall," said Julian Phillips, an analyst - "We are now headed into turbulent waters across a range of markets."...
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