Over the last 7 months, Gold has traded in a broad range between $1200 and $1300.
As inflation, interest rate expectations and equity market risks have fluctuated over that time, so has the price of Gold.
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On balance, we expect the $1200.00 support level to hold and find buyers as the yellow metal moves back to the top part of the recent price range.
Investors looking for the price of Gold to move higher can look to buy NCM, EVN or the BetaShare Gold ETF with the symbol: QAU.
Spot Gold
