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IAUF - Gold - Uncertainty Will Continue To Support The Yellow Metal
iShares Gold Strategy ETF
Gold broke out above its critical level of technical resistance in June. The price of the yellow metal rose above the July 2016 high at $1377.50 and has not returned to that price. Gold moved to the upside in what was almost a perfect bullish storm for the precious metal. Falling interest rates, fears, and uncertainty surrounding the ongoing trade war between the US and China, and a host of other factors caused investors and traders to go for the gold. Gold is a haven of safety during uncertain times.