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It was a hot summer in the precious metals sector of the commodities market as the prices of all four of the metals were on fire. Hold broke out to the upside in June after the US Fed told markets to expect interest rate cuts before the end of the year. Gold broke through its critical level of technical resistance at the July 2016 highs. The price rose to just shy of the $1560 in early September, the highest level since 2013. Lower interest rates were a factor in the ascent of the gold price.