Gold continued to see strong gains as Asian markets opened on Wednesday with the metal gaining more than 1% on the day and trading above the $1,430 an ounce level on increased demand and risk-off sentiment.
After falling back below the $1,400 on Monday, the precious metal’s rally is back on with spot gold on Kitco.com last trading at $1,433.80, up 1.11%.
“The rally in gold continues, sparked by increased open interest, higher closes, higher volume, higher moving averages as short week continues,”


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