James Moore Quotes
Whether the yellow metal will hold above $550/oz rests largely in the hands of US traders as they return later today. 
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Yellow | Metal | Hold | Rests | Largely |
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The market may need to consolidate back towards $525 before pushing through $550 and setting a new high for the year.
- James Moore
For the moment, gold appears comfortable just below the $550/oz level, working between $542/oz and $550/oz. While the mid to longer-term outlook remains bullish for gold, the yellow metal needs to make a convincing break above $550/oz, in the next few days, in order to avoid losing some of its short-term momentum and potentially correct back to $525/oz.
- James Moore