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Due to market conditions, the views and positions of trade recommendations can quickly change. We strongly advise you to monitor our published trade recommendations on an ongoing basis.
Technicals: If you were not a buyer when gold prices were lower, then you should buy now. While prices have been volatile, they remain on an uptrend and support on the charts is building. The impasse on the funding of several government entities in the U.S. continues to be supportive of gold prices. Rising equity values appear to have tempered rising gold prices this past week, but this could reverse soon. A reallocation of assets likely provided some support to equities and there was some bargain buying. This said, gold continues to gain support from investors as uncertainty about financial and the political arena appears to be rising this month.